49 Wealth Management LLC Increases Position in NextEra Energy, Inc. $NEE

49 Wealth Management LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,739 shares of the utilities provider’s stock after buying an additional 1,894 shares during the period. 49 Wealth Management LLC’s holdings in NextEra Energy were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at about $26,000. Quaker Wealth Management LLC boosted its position in shares of 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 purchasing an additional 772 shares during the period. Finally, Nova Wealth Management Inc. purchased a new position in NextEra Energy during the 1st quarter worth approximately $32,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. Mizuho raised their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Barclays set a $88.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, October 27th. New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Finally, Cowen began coverage on NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $90.22.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on 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 directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,028 shares of company stock valued at $1,738,973 over the last three months. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 2.3%

NYSE:NEE opened at $83.92 on Monday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a fifty day moving average price of $78.17 and a two-hundred day moving average price of $74.05. The stock has a market capitalization of $174.76 billion, a price-to-earnings ratio of 26.72, a PEG 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 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 for the quarter, compared to analyst estimates of $8.13 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared 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 of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is presently 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.