NextEra Energy, Inc. $NEE Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 86.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,397 shares of the utilities provider’s stock after purchasing an additional 649 shares during the period. NewSquare Capital LLC’s holdings in NextEra Energy were worth $97,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Elyxium Wealth LLC increased its position in NextEra Energy by 17.5% during the 2nd quarter. Elyxium Wealth LLC now owns 12,985 shares of the utilities provider’s stock worth $901,000 after purchasing an additional 1,938 shares during the period. Prosperity Consulting Group LLC boosted its stake in shares of NextEra Energy by 9.3% during the 2nd quarter. Prosperity Consulting Group LLC now owns 16,457 shares of the utilities provider’s stock worth $1,142,000 after acquiring an additional 1,402 shares in the last quarter. Bryce Point Capital LLC purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $590,000. Marion Wealth Management boosted its stake in shares of NextEra Energy by 1.7% during the 2nd quarter. Marion Wealth Management now owns 20,792 shares of the utilities provider’s stock worth $1,443,000 after acquiring an additional 355 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA boosted its stake in shares of NextEra Energy by 1.5% during the 2nd quarter. Roffman Miller Associates Inc. PA now owns 15,021 shares of the utilities provider’s stock worth $1,043,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $81.61 on Wednesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock’s 50 day moving average price is $77.57 and its 200 day moving average price is $73.70. The firm has a market cap of $169.97 billion, a P/E ratio of 25.99, a PEG ratio of 2.76 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the prior year, the company earned $1.03 EPS. NextEra Energy’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is 71.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Evercore ISI reissued an “outperform” rating and set a $93.00 price target on shares of NextEra Energy in a research note on Tuesday, October 28th. Mizuho boosted their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Cowen assumed coverage on NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’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 transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.20% of the company’s stock.

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.