McLean Asset Management Corp Buys Shares of 3,029 NextEra Energy, Inc. $NEE

McLean Asset Management Corp bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,029 shares of the utilities provider’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy in the 1st quarter valued at approximately $32,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the 1st quarter valued at approximately $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at approximately $36,000. Finally, Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NEE. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Thursday, August 21st. Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. 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. Finally, Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $84.00.

Insider Transactions at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,677 shares of company stock worth $1,415,418 in the last three months. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 0.5%

NYSE:NEE opened at $71.66 on Friday. The stock’s fifty day moving average price is $73.10 and its two-hundred day moving average price is $71.06. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a market cap of $147.57 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.46 and a beta of 0.65.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company earned $0.96 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate 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. Stockholders of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

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.