NextEra Energy, Inc. $NEE Shares Bought by Electron Capital Partners LLC

Electron Capital Partners LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 81.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,622,818 shares of the utilities provider’s stock after purchasing an additional 728,036 shares during the quarter. NextEra Energy comprises approximately 6.0% of Electron Capital Partners LLC’s investment portfolio, making the stock its 7th largest position. Electron Capital Partners LLC owned approximately 0.08% of NextEra Energy worth $112,656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management grew its position in shares of 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. bought a new position in NextEra Energy in the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy during the first quarter valued at approximately $26,000. Quaker Wealth Management LLC grew its stake in shares of NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in NextEra Energy in the 2nd quarter valued at about $31,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NEE shares. UBS Group set a $94.00 price target on shares of NextEra Energy in a report on Wednesday. Citigroup reaffirmed a “buy” rating and set a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Morgan Stanley lowered their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a research report on Tuesday. Finally, Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.72.

Insiders Place Their Bets

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 157,322 shares of company stock worth $13,148,943 in the last ninety days. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 0.5%

Shares of NextEra Energy stock opened at $81.65 on Friday. The company’s 50-day moving average price is $83.68 and its 200-day moving average price is $76.55. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a market cap of $170.05 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.73 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. NextEra Energy’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is presently 72.29%.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.