Cozad Asset Management Inc. Grows Stake in NextEra Energy, Inc. $NEE

Cozad Asset Management Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,964 shares of the utilities provider’s stock after acquiring an additional 1,284 shares during the quarter. Cozad Asset Management Inc.’s holdings in NextEra Energy were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NEE. Activest Wealth Management increased its position in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the first quarter valued at approximately $26,000. Quaker Wealth Management LLC increased its holdings in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new position in NextEra Energy in the first quarter worth approximately $32,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $83.41 on Friday. The company has a market capitalization of $173.71 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.76 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock’s 50-day simple moving average is $80.87 and its 200-day simple moving average is $75.27. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is 71.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. TD Cowen started coverage on NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.63.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 168,168 shares of company stock worth $13,917,670 in the last three months. Insiders own 0.20% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.