Consilium Wealth Advisory LLC Invests $225,000 in NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

Consilium Wealth Advisory LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,657 shares of the utilities provider’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Concurrent Investment Advisors LLC grew its stake in NextEra Energy by 3.9% in the third quarter. Concurrent Investment Advisors LLC now owns 90,026 shares of the utilities provider’s stock valued at $7,610,000 after purchasing an additional 3,360 shares in the last quarter. Armor Investment Advisors LLC boosted its holdings in shares of NextEra Energy by 5.6% in the 3rd quarter. Armor Investment Advisors LLC now owns 12,191 shares of the utilities provider’s stock valued at $1,031,000 after buying an additional 651 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in shares of NextEra Energy by 20.3% in the 3rd quarter. Radnor Capital Management LLC now owns 15,983 shares of the utilities provider’s stock valued at $1,351,000 after buying an additional 2,700 shares during the last quarter. Leslie Global Wealth LLC grew its stake in shares of NextEra Energy by 152.5% in the third quarter. Leslie Global Wealth LLC now owns 7,208 shares of the utilities provider’s stock valued at $609,000 after buying an additional 4,353 shares in the last quarter. Finally, Catalina Capital Group LLC increased its holdings in NextEra Energy by 10.4% during the third quarter. Catalina Capital Group LLC now owns 10,691 shares of the utilities provider’s stock worth $904,000 after buying an additional 1,008 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Bank of America raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Morgan Stanley raised their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.54.

Read Our Latest Stock Report on NextEra Energy

NextEra Energy Stock Performance

NYSE NEE traded down $4.20 during trading on Wednesday, reaching $74.45. The company’s stock had a trading volume of 8,503,407 shares, compared to its average volume of 10,776,012. The firm has a 50 day moving average price of $82.32 and a 200 day moving average price of $77.07. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The firm has a market capitalization of $153.10 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

NextEra Energy Profile

(Free Report)

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,natural gas, and other clean energy. 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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