NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Leelyn Smith LLC

by · The Cerbat Gem

Leelyn Smith LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,482 shares of the utilities provider’s stock after purchasing an additional 194 shares during the quarter. Leelyn Smith LLC’s holdings in NextEra Energy were worth $389,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $33,000. Copia Wealth Management purchased a new position in NextEra Energy in the 4th quarter worth approximately $36,000. Hughes Financial Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $40,000. Finally, Graney & King LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $46,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.4%

Shares of NYSE NEE opened at $74.35 on Monday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The business’s 50 day moving average is $71.35 and its two-hundred day moving average is $70.20. The firm has a market cap of $153.06 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.62 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Research 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 was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.05%. NextEra Energy’s dividend payout ratio (DPR) is presently 85.02%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NEE shares. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets cut their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Barclays boosted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.73.

Read Our Latest Report on NextEra Energy

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president owned 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

About NextEra Energy

(Free Report)

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.

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