Stablepoint Partners LLC Has $9.05 Million Stake in NextEra Energy, Inc. $NEE

Stablepoint Partners LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,291 shares of the utilities provider’s stock after buying an additional 2,900 shares during the quarter. NextEra Energy makes up 1.5% of Stablepoint Partners LLC’s portfolio, making the stock its 9th largest position. Stablepoint Partners LLC’s holdings in NextEra Energy were worth $9,045,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $2,375,545,000. GQG Partners LLC raised its position in shares of NextEra Energy by 58.4% during the first 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 during the period. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the period. Finally, Amundi increased its stake 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. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 168,168 shares of company stock valued at $13,917,670 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NextEra Energy stock opened at $86.13 on Friday. The business’s 50-day moving average price is $82.33 and its two-hundred day moving average price is $75.79. The stock has a market cap of $179.36 billion, a PE ratio of 27.43, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 2.6%. NextEra Energy’s dividend payout ratio is presently 71.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Monday. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, October 27th. Cowen began coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Barclays set a $88.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, HSBC boosted their price target on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.63.

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.