Armstrong Fleming & Moore Inc Buys New Shares in NextEra Energy, Inc. $NEE

Armstrong Fleming & Moore Inc purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,328 shares of the utilities provider’s stock, valued at approximately $439,000.

A number of other hedge funds have also modified their holdings of NEE. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy in the first quarter worth $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $32,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at about $35,000. Semmax Financial Advisors Inc. lifted its holdings in shares of 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 buying an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after buying an additional 366 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% 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, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,705 shares of company stock worth $2,446,490. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Up 1.0%

Shares of NEE opened at $84.06 on Thursday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.00. The firm has a market capitalization of $173.10 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.87 and a beta of 0.66. The firm has a 50-day moving average price of $73.69 and a 200 day moving average price of $71.53. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 79.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NEE shares. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. Finally, Evercore ISI set a $92.00 price target on NextEra Energy and gave the stock an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

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.