Putney Financial Group LLC Acquires New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Putney Financial Group LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,024 shares of the utilities provider’s stock, valued at approximately $432,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Accel Wealth Management lifted its holdings in NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 145 shares during the period. L.M. Kohn & Company lifted its holdings in NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 145 shares during the period. Tortoise Investment Management LLC lifted its holdings in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 149 shares during the period. Anchor Capital Advisors LLC lifted its holdings in NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 150 shares during the period. Finally, Aspen Investment Management Inc lifted its holdings in NextEra Energy by 1.0% in the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 151 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NEE shares. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday. Barclays reduced their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NYSE NEE opened at $67.82 on Friday. The stock’s 50-day moving average price is $68.57 and its two-hundred day moving average price is $71.02. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market cap of $139.62 billion, a PE ratio of 20.12, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.34%. NextEra Energy’s dividend payout ratio is 84.64%.

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.