Daymark Wealth Partners LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 113.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,995 shares of the utilities provider’s stock after purchasing an additional 6,912 shares during the period. Daymark Wealth Partners LLC’s holdings in NextEra Energy were worth $1,002,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Two Sigma Advisers LP bought a new stake in NextEra Energy in the third quarter worth approximately $24,166,000. Appleton Partners Inc. MA boosted its holdings in NextEra Energy by 3.3% in the first quarter. Appleton Partners Inc. MA now owns 13,360 shares of the utilities provider’s stock worth $1,030,000 after purchasing an additional 432 shares in the last quarter. Central Bank & Trust Co. boosted its holdings in NextEra Energy by 2.7% in the first quarter. Central Bank & Trust Co. now owns 5,511 shares of the utilities provider’s stock worth $425,000 after purchasing an additional 143 shares in the last quarter. M. Kraus & Co increased its position in NextEra Energy by 2.4% during the fourth quarter. M. Kraus & Co now owns 139,454 shares of the utilities provider’s stock worth $11,658,000 after buying an additional 3,229 shares during the last quarter. Finally, Mission Wealth Management LP raised its holdings in NextEra Energy by 9.7% during the first quarter. Mission Wealth Management LP now owns 36,563 shares of the utilities provider’s stock valued at $2,818,000 after buying an additional 3,230 shares in the last quarter. 77.70% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Robert Coffey sold 4,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $74.90, for a total transaction of $299,600.00. Following the completion of the sale, the executive vice president now owns 11,292 shares in the company, valued at approximately $845,770.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Robert Coffey sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $74.90, for a total transaction of $299,600.00. Following the completion of the sale, the executive vice president now owns 11,292 shares of the company’s stock, valued at $845,770.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John W. Ketchum bought 13,600 shares of NextEra Energy stock in a transaction dated Wednesday, June 14th. The stock was acquired at an average cost of $74.26 per share, for a total transaction of $1,009,936.00. Following the completion of the acquisition, the chief executive officer now directly owns 184,485 shares in the company, valued at $13,699,856.10. The disclosure for this purchase can be found here. 0.18% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on NEE shares. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, March 28th. StockNews.com initiated coverage on shares of NextEra Energy in a report on Thursday, May 18th. They set a “hold” rating for the company. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $93.00 to $85.00 in a research report on Thursday, June 8th. Guggenheim lowered their price target on NextEra Energy from $96.00 to $92.00 in a research report on Monday, April 24th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $94.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $91.67.
NextEra Energy Price Performance
NYSE:NEE opened at $74.38 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.46 and a current ratio of 0.53. The company has a 50-day moving average of $74.84 and a 200-day moving average of $76.98. NextEra Energy, Inc. has a 52 week low of $69.64 and a 52 week high of $91.35. The company has a market capitalization of $150.50 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.85 and a beta of 0.46.
NextEra Energy (NYSE:NEE – Free Report) last announced its quarterly earnings results on Tuesday, April 25th. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. NextEra Energy had a net margin of 26.97% and a return on equity of 12.44%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $5.78 billion. During the same quarter last year, the company earned $0.74 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.11 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were issued a dividend of $0.4675 per share. The ex-dividend date was Friday, May 26th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.51%. NextEra Energy’s payout ratio is presently 55.65%.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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