49 Wealth Management LLC Invests $234,000 in NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

49 Wealth Management LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,770 shares of the utilities provider’s stock, valued at approximately $234,000.

A number of other large investors have also recently made changes to their positions in the stock. Ceeto Capital Group LLC boosted its holdings in shares of NextEra Energy by 57.1% in the first quarter. Ceeto Capital Group LLC now owns 11,000 shares of the utilities provider’s stock worth $703,000 after buying an additional 4,000 shares during the last quarter. Talisman Wealth Advisors LLC boosted its holdings in shares of NextEra Energy by 1.3% in the first quarter. Talisman Wealth Advisors LLC now owns 13,940 shares of the utilities provider’s stock worth $891,000 after buying an additional 183 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in shares of NextEra Energy by 97.5% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,544 shares of the utilities provider’s stock worth $163,000 after buying an additional 1,256 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in NextEra Energy by 2.2% during the first quarter. Mount Yale Investment Advisors LLC now owns 141,067 shares of the utilities provider’s stock valued at $9,016,000 after purchasing an additional 3,082 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its holdings in NextEra Energy by 12.0% during the first quarter. Zurich Insurance Group Ltd FI now owns 790,110 shares of the utilities provider’s stock valued at $50,496,000 after purchasing an additional 84,919 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus price target of $86.85.

Get Our Latest Stock Analysis on NextEra Energy

NextEra Energy Trading Down 1.1 %

NEE stock opened at $76.00 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock has a market capitalization of $156.29 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. The firm’s fifty day simple moving average is $80.90 and its two-hundred day simple moving average is $77.67.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend 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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