Clearstead Advisors LLC Purchases 7,284 Shares of NextEra Energy, Inc. $NEE

Clearstead Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,264 shares of the utilities provider’s stock after purchasing an additional 7,284 shares during the period. Clearstead Advisors LLC’s holdings in NextEra Energy were worth $7,493,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NEE. Goodman Advisory Group LLC acquired a new stake in NextEra Energy in the second quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth about $25,000. Quaker Wealth Management LLC grew its holdings in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares during the last quarter. Howard Hughes Medical Institute bought a new position in NextEra Energy in the 2nd quarter valued at approximately $31,000. Finally, Rexford Capital Inc. acquired a new stake in NextEra Energy in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $94.03 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The company’s 50-day moving average is $85.00 and its 200-day moving average is $81.16. The stock has a market capitalization of $195.91 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.75. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is 69.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. BTIG Research reiterated a “buy” rating and issued a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. Citigroup reissued a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Morgan Stanley restated an “overweight” rating and issued a $106.00 price target on shares of NextEra Energy in a research report on Friday. Finally, Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.05.

Insider Activity at NextEra Energy

In other news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 159,049 shares of company stock valued at $14,194,542. 0.18% of the stock is owned by company insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.