Tradewinds LLC. Purchases New Position in NextEra Energy, Inc. $NEE

Tradewinds LLC. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,071 shares of the utilities provider’s stock, valued at approximately $836,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Activest Wealth Management lifted its stake 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 acquiring an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in NextEra Energy in the second quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in NextEra Energy in the second quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter valued at about $25,000. Finally, Quaker Wealth Management LLC grew its holdings in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Cowen initiated coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Wolfe Research boosted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Mizuho increased their price objective on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Three equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

NextEra Energy Price Performance

NEE stock opened at $83.65 on Monday. The firm has a market cap of $174.21 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.59 and a beta of 0.74. The company has a quick ratio of 0.45, a current ratio of 0.55 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’s fifty day simple moving average is $82.32 and its 200 day simple moving average is $78.27.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 72.29%.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company 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.