NextEra Energy, Inc. $NEE Shares Acquired by Nvwm LLC

Nvwm LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,190 shares of the utilities provider’s stock after acquiring an additional 1,947 shares during the quarter. Nvwm LLC’s holdings in NextEra Energy were worth $1,540,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. lifted its position in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares during the last quarter. Pine Haven Investment Counsel Inc increased its holdings in NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after buying an additional 142 shares during the last quarter. Tradition Wealth Management LLC boosted its position in shares of NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV increased its holdings in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $82.04 on Friday. The business’s fifty day moving average price is $77.93 and its 200 day moving average price is $73.82. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve 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 stock has a market capitalization of $170.86 billion, a P/E ratio of 26.13, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping 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 company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the business posted $1.03 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share 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 $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated 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 owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,028 shares of company stock valued at $1,738,973. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective 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. UBS Group reaffirmed a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Barclays set a $88.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Argus set a $90.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Mizuho raised their price objective on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.22.

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.