Gries Financial LLC Boosts Stock Holdings in NextEra Energy, Inc. $NEE

Gries Financial LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 441.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,102 shares of the utilities provider’s stock after purchasing an additional 22,916 shares during the quarter. Gries Financial LLC’s holdings in NextEra Energy were worth $2,121,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NEE. Activest Wealth Management boosted its position in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in NextEra Energy in the second quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new position in NextEra Energy during the third quarter valued at $25,000. Finally, Quaker Wealth Management LLC raised its stake in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NEE shares. Mizuho lifted their price objective on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. HSBC increased their target price on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Finally, Wolfe Research lifted their target price on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $91.72.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Up 0.5%

Shares of NEE opened at $81.30 on Tuesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a market capitalization of $169.32 billion, a P/E ratio of 25.89, a P/E/G ratio of 2.51 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm’s 50 day simple moving average is $82.53 and its 200 day simple moving average is $77.65.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 72.29%.

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.