NextEra Energy, Inc. $NEE is TrueMark Investments LLC’s 5th Largest Position

TrueMark Investments LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,149 shares of the utilities provider’s stock after purchasing an additional 10,306 shares during the quarter. NextEra Energy comprises approximately 2.1% of TrueMark Investments LLC’s investment portfolio, making the stock its 5th largest position. TrueMark Investments LLC’s holdings in NextEra Energy were worth $10,850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at about $25,000. Strive Asset Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at about $29,000. Howard Hughes Medical Institute purchased a new position in NextEra Energy in the 2nd quarter worth approximately $31,000. Finally, Rexford Capital Inc. purchased a new position in NextEra Energy in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the sale, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nicole J. Daggs sold 4,934 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. This trade represents a 22.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 190,816 shares of company stock worth $17,075,619 in the last 90 days. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.0%

NEE stock opened at $91.44 on Monday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91. The firm has a market cap of $190.53 billion, a PE ratio of 27.79 and a beta of 0.75. The firm’s 50 day moving average price is $90.49 and its 200-day moving average price is $84.36. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, 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 was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is 75.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NEE shares. Argus set a $92.00 price target on NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, January 28th. Mizuho set a $90.00 price objective on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Weiss Ratings cut NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, BTIG Research reiterated a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.44.

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.