Financial & Tax Architects LLC Purchases 4,568 Shares of NextEra Energy, Inc. (NYSE:NEE)

Financial Planners


Financial & Tax Architects LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 7.8% in the first quarter, according to the latest 13F filing with the Securities and Exchange Commission (SEC) rice field. The institutional investor purchased an additional 4,568 of his shares during the quarter, leaving him with 63,165 shares in the utility company. NextEra Energy holds 1.6% of his portfolio in Financial & Tax Architects LLC, making the stock his 28th largest. Financial & Tax Architects LLC’s holding in NextEra Energy was valued at $4,869,000 as of its latest filing with the Securities and Exchange Commission (SEC).

Several other large investors also changed their stakes in NEE. Charter Oak Capital Management LLC increased his stake in NextEra Energy by 1.0% in the first quarter. Charter Oak Capital Management LLC purchased an additional 130 shares last quarter and now owns 13,474 shares of utility company stock valued at $1,039,000. Horan Securities increased its stake in NextEra Energy by 22.6% in the first quarter. Horan Securities purchased an additional 131 shares last quarter and now owns 710 shares of the utility company valued at $55,000. Nvest Financial LLC increased his NextEra Energy holding by 1.1% in the first quarter. Nvest Financial LLC purchased an additional 132 shares last quarter and now owns 11,846 shares of the utility company worth $913,000. Keystone Wealth Services LLC increased its position in NextEra Energy by 4.0% in the first quarter. Keystone Wealth Services LLC purchased an additional 136 shares during the period and now owns 3,576 shares of utility company stock valued at $276,000. Finally, MPS Loria Financial Planners LLC increased its position in NextEra Energy by 3.2% during the first quarter. MPS Loria Financial Planners LLC now owns 4,449 shares of the utility company, valued at $343,000, after purchasing an additional 136 shares during the period. Institutional investors own 77.70% of the company’s shares.

Wall Street analysts forecast growth

Several analysts recently commented on the stock. StockNews.com began covering NextEra Energy stock in a research report on Thursday, May 18. They set a “Hold” rating on the company. BMO Capital Markets lowered NextEra Energy’s target price from $95.00 to $90.00 in a research note on Wednesday, April 26th. Guggenheim lowered its price target on NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7. JPMorgan Chase lowered NextEra Energy’s target price to $85.00 from $93.00 in a research note on Thursday, June 8. Finally, Morgan Stanley raised its price target on NextEra Energy from $94.00 to $96.00, giving the company an Overweight rating in its report on Thursday, April 20. Four research analysts gave the company a hold rating and nine gave a buy rating. The stock has a consensus rating of “moderate buy” and an average target price of $91.17, according to MarketBeat data.

NextEra Energy Stock 0.7%

NYSE NEE stock rose $0.53 during Wednesday’s trading to reach $72.72. The company had a trading volume of 1,422,331 shares and an average volume of 8,094,822 shares. NextEra Energy, Inc. has a low of $69.64 and a 12-month high of $91.35. The stock has a market cap of $147.14 billion, trades for 21.62 times earnings, 2.77 times earnings, and a 0.46 times beta. His 50-day moving average for this company is $74.46 and his 200-day moving average is $76.52. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt to equity ratio of 1.13.

NextEra Energy (NYSE:NEE – Get Free Report) last reported earnings on Tuesday, April 25th. The company reported EPS of $0.84 for the quarter, $0.09 above analyst consensus expectations of $0.75. NextEra Energy’s return on equity was 12.44% and net profit margin was 26.97%. The company had revenue of $6.72 billion in the quarter, compared with analysts’ expectations of $5.78 billion. The company posted earnings of $0.74 per share in the same period last year. Equity analysts expect NextEra Energy, Inc.’s earnings per share for the current fiscal year to be 3.11 times that of the group as a whole.

NextEra Energy Dividend Announcement

The company also recently announced its quarterly dividend, which was paid on Thursday, June 15. Investors of record on Tuesday, May 30, were given a dividend of $0.4675 per share. The ex-dividend date was Friday, May 26. This equates to an annual dividend of $1.87 and a dividend yield of 2.57%. NextEra Energy’s Dividend Payout Ratio (DPR) is currently 55.65%.

Insider activity at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum acquired 13,600 shares in the company in a transaction that took place on Wednesday, June 14th. Shares were purchased at an average of $74.26 per share for him, giving him a total of $1,009,936.00. Following the closing of the transaction, the CEO now directly owns 184,485 shares of the Company’s stock, valued at approximately $13,699,856.10. The acquisition was disclosed in legal filings with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In other news, CEO John W. Ketchum bought 13,600 shares of his stock in a deal on Wednesday, June 14th. The shares were purchased at an average price of $74.26 per share for a total value of $1,009,936.00. Following the close of the acquisition, the CEO now owns 184,485 shares of the company, valued at $13,699,856.10. The acquisition was disclosed in legal filings with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Vice President Robert Coffey also sold 4,000 shares in a deal on Wednesday, June 14. The shares were sold at an average price of $74.90 for a total of $299,600.00. Following the closing of the transaction, the Executive Vice President will own directly 11,292 shares of the Company’s stock valued at approximately $845,770.80. Disclosure information regarding this sale can be found here. Currently, 0.18% of the shares are owned by insiders.

About NextEra Energy

(free report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company produces electricity through wind, solar, nuclear, coal and natural gas facilities. It also develops, constructs and operates long-term contract assets consisting of clean energy solutions such as renewable power generation facilities, battery projects and transmission facilities. Sell ​​energy products. It also owns, develops, constructs, manages and operates power generation facilities in the wholesale energy market.

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NextEra Energy (NYSE:NEE) Quarterly Institutional Ownership

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