Sawtooth Solutions LLC Buys 1,370 Shares of NextEra Energy Inc (NYSE:NEE)

Sawtooth Solutions LLC grew its stake in NextEra Energy Inc (NYSE:NEE) by 15.7% during the 1st quarter, HoldingsChannel reports. The firm owned 10,120 shares of the utilities provider’s stock after buying an additional 1,370 shares during the quarter. Sawtooth Solutions LLC’s holdings in NextEra Energy were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its position in shares of NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after acquiring an additional 815,916 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of NextEra Energy by 5.6% in the fourth quarter. Advisors Asset Management Inc. now owns 136,679 shares of the utilities provider’s stock valued at $23,758,000 after acquiring an additional 7,252 shares in the last quarter. Gantzert Investment Co. LLC ADV purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $3,854,000. Baldwin Brothers Inc. MA lifted its position in shares of NextEra Energy by 6.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 58,935 shares of the utilities provider’s stock valued at $10,244,000 after acquiring an additional 3,524 shares in the last quarter. Finally, Icon Advisers Inc. Co. lifted its position in shares of NextEra Energy by 65.2% in the fourth quarter. Icon Advisers Inc. Co. now owns 15,200 shares of the utilities provider’s stock valued at $2,642,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

In related news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $191.52, for a total value of $306,432.00. Following the sale, the director now directly owns 19,210 shares in the company, valued at approximately $3,679,099.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James L. Robo sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.86, for a total value of $3,072,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,339 shares of company stock worth $38,475,406. 0.48% of the stock is owned by insiders.

Several equities analysts recently weighed in on NEE shares. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Morgan Stanley increased their target price on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Goldman Sachs Group downgraded NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a research report on Monday, April 8th. Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Scotiabank upgraded NextEra Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $187.00 to $202.00 in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $203.46.

NEE traded up $2.62 on Wednesday, reaching $204.59. The company’s stock had a trading volume of 20,521 shares, compared to its average volume of 2,007,498. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.38 and a current ratio of 0.46. NextEra Energy Inc has a 1 year low of $155.27 and a 1 year high of $208.47. The company has a market capitalization of $97.44 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.10 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.19. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter last year, the business posted $1.94 EPS. As a group, equities research analysts forecast that NextEra Energy Inc will post 8.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, May 31st. NextEra Energy’s dividend payout ratio is currently 64.94%.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: Oversold

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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