Sonoma Allocations LLC Invests $613,000 in NextEra Energy, Inc. $NEE

Sonoma Allocations LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,119 shares of the utilities provider’s stock, valued at approximately $613,000.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC grew its position in NextEra Energy by 286.0% in the 3rd quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after acquiring an additional 16,322 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after purchasing an additional 2,767 shares in the last quarter. Avity Investment Management Inc. boosted its stake in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after purchasing an additional 8,565 shares during the period. Dillon & Associates Inc. grew its holdings in shares of NextEra Energy by 8.4% in the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after purchasing an additional 5,261 shares in the last quarter. Finally, Soltis Investment Advisors LLC grew its holdings in shares of NextEra Energy by 171.1% in the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after purchasing an additional 7,645 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5%

Shares of NYSE NEE opened at $79.92 on Friday. The business has a 50-day moving average of $82.33 and a two-hundred day moving average of $77.80. The company has a market capitalization of $166.43 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is presently 72.29%.

Insider Activity at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The shares were 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. This trade represents a 47.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup reissued a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. UBS Group set a $91.00 price objective on NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, December 17th. TD Cowen initiated coverage on NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Morgan Stanley reduced their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.72.

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.