LaFleur & Godfrey LLC Has $9.51 Million Stock Position in NextEra Energy, Inc. $NEE

LaFleur & Godfrey LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 28.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 125,954 shares of the utilities provider’s stock after purchasing an additional 28,173 shares during the period. LaFleur & Godfrey LLC’s holdings in NextEra Energy were worth $9,508,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NEE. Goodman Advisory Group LLC purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy during the third quarter worth $25,000. Quaker Wealth Management LLC lifted its stake in 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 acquiring an additional 772 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in NextEra Energy during the 2nd quarter worth $31,000. Finally, Rexford Capital Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter worth $34,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. 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 firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at $867,870. The trade was a 65.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,049 shares of company stock valued at $14,194,542 over the last quarter. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $92.07 on Monday. The company has a market capitalization of $191.83 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.85 and a beta of 0.75. The business has a fifty day simple moving average of $84.76 and a two-hundred day simple moving average of $81.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results 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. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NEE shares. Wolfe Research raised their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Wells Fargo & Company upped their target price on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Citigroup reissued a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Seaport Research Partners decreased their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.05.

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.