Exchange Traded Concepts LLC Grows Stock Holdings in NextEra Energy, Inc. $NEE

Exchange Traded Concepts LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 166.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,854 shares of the utilities provider’s stock after buying an additional 26,764 shares during the period. Exchange Traded Concepts LLC’s holdings in NextEra Energy were worth $3,440,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tripletail Wealth Management LLC purchased a new stake in NextEra Energy during the third quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in NextEra Energy in the second quarter worth $25,000. Strive Asset Management LLC purchased a new position in NextEra Energy in the third quarter worth $29,000. Howard Hughes Medical Institute acquired a new position in shares of NextEra Energy during the second quarter worth $31,000. Finally, Abound Wealth Management increased its position in shares of NextEra Energy by 108.2% during the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 190,816 shares of company stock worth $17,075,619. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.8%

Shares of NEE opened at $92.81 on Wednesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $193.38 billion, a price-to-earnings ratio of 28.21 and a beta of 0.75. The stock’s 50-day moving average price is $90.84 and its 200-day moving average price is $84.66.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business earned $0.53 earnings per share. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a dividend of $0.6232 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 75.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NEE. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. BMO Capital Markets set a $95.00 price target on NextEra Energy in a research note on Thursday, January 29th. Mizuho set a $90.00 price target on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Argus set a $92.00 price target on NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.44.

About NextEra Energy

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.