NextEra Energy, Inc. $NEE Holdings Lifted by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,012 shares of the utilities provider’s stock after buying an additional 10,769 shares during the period. NextEra Energy makes up about 0.9% of Greenwood Capital Associates LLC’s holdings, making the stock its 27th biggest position. Greenwood Capital Associates LLC’s holdings in NextEra Energy were worth $8,154,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NEE. Activest Wealth Management increased its holdings in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the 1st quarter valued at approximately $26,000. Finally, Quaker Wealth Management LLC lifted its position in 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 buying an additional 772 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Cowen assumed coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Three investment 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’s stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Stock Performance

NEE opened at $80.48 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market cap of $167.62 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. The stock has a 50-day moving average of $82.96 and a 200-day moving average of $77.27. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the business earned $1.03 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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 $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s payout ratio is presently 71.97%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’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 completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by corporate 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.