NextEra Energy, Inc. $NEE Position Raised by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,680 shares of the utilities provider’s stock after purchasing an additional 7,665 shares during the period. Daymark Wealth Partners LLC’s holdings in NextEra Energy were worth $3,977,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after acquiring an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares in the last quarter. Norges Bank acquired a new stake in NextEra Energy in the second quarter worth about $2,375,545,000. Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after purchasing an additional 340,315 shares during the period. Finally, Legal & General Group Plc grew its position in NextEra Energy by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after buying an additional 408,198 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. BMO Capital Markets restated an “outperform” rating and issued a $89.00 target price (down from $90.00) on shares of NextEra Energy in a research report on Wednesday, December 10th. HSBC increased their price target on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Finally, Evercore ISI reissued an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.72.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $81.30 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $169.32 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.51 and a beta of 0.74. The stock’s fifty day simple moving average is $82.53 and its 200 day simple moving average is $77.65. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the business posted $1.03 earnings per share. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Insider Buying and Selling at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy 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.