Geneos Wealth Management Inc. Purchases 27,396 Shares of NextEra Energy, Inc. $NEE

Geneos Wealth Management Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 23.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 143,754 shares of the utilities provider’s stock after buying an additional 27,396 shares during the period. Geneos Wealth Management Inc.’s holdings in NextEra Energy were worth $9,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in 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 last quarter. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy during the 2nd quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter worth $26,000. Finally, Quaker Wealth Management LLC raised its stake in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NEE shares. New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Citigroup reiterated a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. Barclays set a $88.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Finally, Evercore ISI reiterated an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.72.

Insider Transactions at NextEra Energy

In other 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 transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 157,322 shares of company stock valued at $13,148,943 over the last quarter. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 0.5%

Shares of NEE stock opened at $81.65 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The stock has a market cap of $170.05 billion, a P/E ratio of 26.00, a P/E/G ratio of 2.75 and a beta of 0.74. The company has a 50 day simple moving average of $83.68 and a two-hundred day simple moving average of $76.61.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

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 $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio is presently 72.29%.

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.