MGO One Seven LLC Increases Position in NextEra Energy, Inc. $NEE

MGO One Seven LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 104.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,423 shares of the utilities provider’s stock after buying an additional 62,446 shares during the period. MGO One Seven LLC’s holdings in NextEra Energy were worth $9,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management grew its holdings in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy during the second quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in NextEra Energy during the second quarter worth $25,000. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at about $25,000. Finally, Quaker Wealth Management LLC grew its stake in NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 772 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.5%

Shares of NYSE:NEE opened at $79.92 on Monday. 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 firm has a market cap of $166.43 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.48 and a beta of 0.74. The stock’s 50-day moving average price is $82.33 and its two-hundred day moving average price is $77.90. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share 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 business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, research analysts forecast 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 was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 72.29%.

Insider Buying and Selling at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. UBS Group set a $91.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Wolfe Research lifted their price objective on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a report on Tuesday, December 9th. Jefferies Financial Group reissued a “hold” rating and set a $88.00 price target (up previously from $85.00) on shares of NextEra Energy in a research report on Wednesday, December 31st. Finally, Cowen assumed coverage on NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.72.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.