TrueMark Investments LLC Buys 8,302 Shares of NextEra Energy, Inc. $NEE

TrueMark Investments LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 101,893 shares of the utilities provider’s stock after purchasing an additional 8,302 shares during the quarter. NextEra Energy accounts for about 1.5% of TrueMark Investments LLC’s holdings, making the stock its 12th biggest position. TrueMark Investments LLC’s holdings in NextEra Energy were worth $7,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Activest Wealth Management raised its stake in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in NextEra Energy in the second quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy in the first quarter valued at approximately $32,000. Finally, IMA Advisory Services Inc. bought a new stake in NextEra Energy in the first quarter valued at approximately $35,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several research reports. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. TD Cowen initiated coverage on NextEra Energy in a research report on Thursday. They issued a “buy” rating and a $98.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.40.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,705 shares of company stock worth $2,446,490. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Down 0.7%

Shares of NYSE:NEE opened at $84.48 on Friday. The company has a market capitalization of $173.97 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business’s 50 day simple moving average is $75.54 and its 200 day simple moving average is $72.24.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

About NextEra Energy

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.