Permanent Capital Management LP Makes New Investment in NextEra Energy, Inc. $NEE

Permanent Capital Management LP acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,112 shares of the utilities provider’s stock, valued at approximately $537,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Activest Wealth Management raised its holdings 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 buying an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy during the second quarter worth $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the first quarter worth $26,000. Finally, Quaker Wealth Management LLC raised its holdings in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated 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 owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a research note on Tuesday, December 9th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. BMO Capital Markets restated an “outperform” rating and issued a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. Finally, Cowen started coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Stock Up 0.0%

NYSE:NEE opened at $80.48 on Monday. The firm has a market capitalization of $167.62 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The stock’s 50 day moving average price is $82.96 and its two-hundred day moving average price is $77.33. 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 (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

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.