Daymark Wealth Partners LLC Acquires 2,767 Shares of NextEra Energy, Inc. $NEE

by · The Markets Daily

Daymark Wealth Partners LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 6.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,015 shares of the utilities provider’s stock after purchasing an additional 2,767 shares during the period. Daymark Wealth Partners LLC’s holdings in NextEra Energy were worth $3,125,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Northern Trust Corp increased its holdings in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares in the last quarter. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NEE. Melius initiated coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective on the stock. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. UBS Group restated a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday. Cowen began coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.22.

Check Out Our Latest Report on NextEra Energy

NextEra Energy Trading Down 2.3%

Shares of NYSE NEE opened at $81.67 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The firm has a 50 day moving average price of $77.09 and a two-hundred day moving average price of $73.23. The stock has a market cap of $168.18 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Insider Buying and Selling

In other news, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,028 shares of company stock valued at $1,738,973 over the last quarter. Insiders own 0.20% of the company’s stock.

NextEra Energy Company 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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