Cliftonlarsonallen Wealth Advisors LLC Acquires 1,203 Shares of NextEra Energy, Inc. $NEE

Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,030 shares of the utilities provider’s stock after buying an additional 1,203 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in NextEra Energy were worth $2,432,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of NEE. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy in the 1st quarter valued at $32,000. IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy during the 1st quarter valued at $35,000. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 335.0% during 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. Finally, CBIZ Investment Advisory Services LLC increased its holdings in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction 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 owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock worth $1,539,610 in the last quarter. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 4.2%

Shares of NYSE NEE opened at $78.63 on Thursday. The company’s 50 day moving average price is $72.70 and its 200-day moving average price is $71.17. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a market capitalization of $161.92 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Morgan Stanley reissued an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. Finally, HSBC cut their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Company 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.