Eagle Global Advisors LLC Purchases 2,300 Shares of NextEra Energy, Inc. (NYSE:NEE)

Eagle Global Advisors LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 305,882 shares of the utilities provider’s stock after purchasing an additional 2,300 shares during the period. NextEra Energy makes up approximately 0.9% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Eagle Global Advisors LLC’s holdings in NextEra Energy were worth $21,684,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bellwether Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth about $30,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management bought a new stake in NextEra Energy during the fourth quarter worth about $36,000. CBIZ Investment Advisory Services LLC raised its holdings in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new stake in NextEra Energy during the first quarter worth about $40,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on NEE. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, June 18th. Barclays upped their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. BMO Capital Markets upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.42.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $72.42 on Monday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock’s 50 day moving average is $72.56 and its 200-day moving average is $70.57. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $149.13 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 2.49 and a beta of 0.63.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy’s dividend payout ratio is currently 79.37%.

About NextEra Energy

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.