NextEra Energy, Inc. $NEE Shares Bought by Advyzon Investment Management LLC

Advyzon Investment Management LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 463.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,648 shares of the utilities provider’s stock after purchasing an additional 16,986 shares during the period. Advyzon Investment Management LLC’s holdings in NextEra Energy were worth $1,559,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NEE. Tripletail Wealth Management LLC acquired a new position in shares of NextEra Energy in the third quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in NextEra Energy during the 2nd quarter worth about $25,000. Quaker Wealth Management LLC raised its stake 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 purchasing an additional 772 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in NextEra Energy in the 2nd quarter valued at about $31,000. Finally, Abound Wealth Management lifted its holdings in NextEra Energy by 108.2% in the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. This represents a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,049 shares of company stock valued at $14,194,542 over the last quarter. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup restated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. BMO Capital Markets set a $95.00 target price on NextEra Energy in a research report on Thursday, January 29th. Wells Fargo & Company raised their price target on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Mizuho set a $90.00 price target on NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, BTIG Research reiterated a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.05.

NextEra Energy Stock Up 0.5%

Shares of NYSE:NEE opened at $92.07 on Friday. The company’s fifty day moving average is $84.76 and its two-hundred day moving average is $80.87. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.56. The stock has a market capitalization of $191.83 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.83 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the business posted $0.53 EPS. NextEra Energy’s revenue was up 20.7% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.6232 dividend. The ex-dividend date is Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 69.00%.

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.