HORAN Wealth LLC Makes New Investment in NextEra Energy, Inc. $NEE

HORAN Wealth LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,225 shares of the utilities provider’s stock, valued at approximately $3,209,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. GQG Partners LLC increased its holdings in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Amundi increased its holdings in NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. increased its holdings in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Finally, Boston Partners increased its holdings in NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after purchasing an additional 1,886,999 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. UBS Group reiterated a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,028 shares of company stock worth $1,738,973 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $82.11 on Thursday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The business’s 50 day simple moving average is $77.74 and its 200 day simple moving average is $73.76. The company has a market cap of $171.01 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.76 and a beta of 0.69.

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

NextEra Energy Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 71.97%.

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.