Daymark Wealth Partners LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Daymark Wealth Partners LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,248 shares of the utilities provider’s stock after buying an additional 857 shares during the quarter. Daymark Wealth Partners LLC’s holdings in NextEra Energy were worth $2,995,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at $3,484,197,000. Boston Partners acquired a new position in shares of NextEra Energy in the 4th quarter valued at $244,169,000. Two Sigma Advisers LP acquired a new position in NextEra Energy in the 4th quarter valued at $240,269,000. Amundi increased its stake in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after buying an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System increased its stake in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock valued at $567,093,000 after buying an additional 2,517,369 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.39 on Thursday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $69.80 and its 200 day simple moving average is $70.22. The firm has a market capitalization of $144.91 billion, a PE ratio of 26.36, a P/E/G ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. NextEra Energy’s dividend payout ratio (DPR) is 85.02%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.50.

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.