NextEra Energy, Inc. $NEE Shares Purchased by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 55.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,453 shares of the utilities provider’s stock after acquiring an additional 11,901 shares during the period. Drucker Wealth 3.0 LLC’s holdings in NextEra Energy were worth $2,525,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new position in NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $25,000. Quaker Wealth Management LLC boosted its holdings 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 acquiring an additional 772 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of NextEra Energy during the second quarter valued at approximately $31,000. Finally, Rexford Capital Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 159,049 shares of company stock worth $14,194,542. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 1.3%

NEE stock opened at $92.62 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm has a market capitalization of $192.89 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.90 and a beta of 0.76. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.56. The company’s 50 day simple moving average is $84.14 and its 200-day simple moving average is $80.57.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.49 annualized dividend and a yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is currently 69.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NEE. JPMorgan Chase & Co. increased their price target on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Evercore reaffirmed an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research note on Tuesday, October 28th. Barclays lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a report on Wednesday, January 14th. Finally, BTIG Research restated a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

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.