VSM Wealth Advisory LLC Buys Shares of 673 NextEra Energy, Inc. $NEE

VSM Wealth Advisory LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 673 shares of the utilities provider’s stock, valued at approximately $47,000.

Other institutional investors have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC raised its holdings in NextEra Energy by 6.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after buying an additional 2,767 shares during the last quarter. Avity Investment Management Inc. grew its holdings in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after acquiring an additional 8,565 shares during the last quarter. Dillon & Associates Inc. increased its position in NextEra Energy by 8.4% in the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after acquiring an additional 5,261 shares during the period. Soltis Investment Advisors LLC raised its stake in shares of NextEra Energy by 171.1% during the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 7,645 shares during the last quarter. Finally, Integrity Alliance LLC. lifted its holdings in shares of NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NEE shares. TD Cowen assumed coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Evercore ISI reissued an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research note on Tuesday, October 28th. Mizuho raised their price objective on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday, October 13th. Finally, Barclays set a $88.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.53.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction 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. The trade was a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $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 168,168 shares of company stock worth $13,917,670 in the last three months. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $84.74 on Wednesday. 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, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a fifty day moving average of $80.11 and a 200-day moving average of $74.96. The firm has a market capitalization of $176.48 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last issued its 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 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 earned $1.03 earnings per share. NextEra Energy’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is 71.97%.

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.