Opes Wealth Management LLC Purchases 727 Shares of NextEra Energy, Inc. $NEE

Opes Wealth Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 16.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,084 shares of the utilities provider’s stock after acquiring an additional 727 shares during the quarter. Opes Wealth Management LLC’s holdings in NextEra Energy were worth $353,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in NextEra Energy in the second quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy in the first quarter valued at $32,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the first quarter worth about $35,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,528 shares of company stock worth $2,277,773. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Barclays set a $87.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, BTIG Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.38.

NextEra Energy Stock Performance

NEE opened at $83.30 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74. The company has a market cap of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.80 and a beta of 0.66. The company’s 50 day moving average is $76.46 and its 200 day moving average is $72.64.

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

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s payout ratio is 79.02%.

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.