Cwm LLC Has $17.63 Million Stock Holdings in NextEra Energy, Inc. $NEE

Cwm LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,493 shares of the utilities provider’s stock after purchasing an additional 18,385 shares during the quarter. Cwm LLC’s holdings in NextEra Energy were worth $17,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management lifted its position in NextEra Energy by 79.7% during 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. bought a new position in shares of NextEra Energy in the second quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in shares of NextEra Energy during the 2nd quarter worth about $25,000. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $26,000. Finally, Quaker Wealth Management LLC grew its holdings 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 buying an additional 772 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. Mizuho upped their target price on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 22nd. Finally, Wolfe Research increased their target price on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Three research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Trading Up 0.0%

Shares of NextEra Energy stock opened at $80.48 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The firm has a market capitalization of $167.62 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The company’s fifty day moving average price is $82.96 and its two-hundred day moving average price is $77.30.

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, beating the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is currently 72.29%.

Insider Buying and Selling

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

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.