Integrity Advisory Solutions LLC Invests $480,000 in NextEra Energy, Inc. $NEE

Integrity Advisory Solutions LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,355 shares of the utilities provider’s stock, valued at approximately $480,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in NextEra Energy by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock valued at $16,139,726,000 after buying an additional 922,500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after buying an additional 526,996 shares in the last quarter. Norges Bank acquired a new stake in shares of NextEra Energy during the second quarter worth $2,375,545,000. Charles Schwab Investment Management Inc. boosted its position in shares of NextEra Energy by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after acquiring an additional 340,315 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of NextEra Energy by 2.6% in the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after acquiring an additional 408,198 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, 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 legal filing with the SEC, which is available through this link. Also, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents 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. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 0.1%

Shares of NYSE NEE opened at $91.03 on Friday. The stock has a market capitalization of $189.66 billion, a P/E ratio of 27.67 and a beta of 0.76. The stock’s fifty day moving average is $87.27 and its 200 day moving average is $82.28. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is presently 75.68%.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research report on Thursday, January 29th. Seaport Research Partners cut their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Argus set a $92.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, HSBC raised their target price on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $94.16.

NextEra Energy 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.