NextEra Energy, Inc. $NEE Shares Acquired by Parkwoods Wealth Partners LLC

Parkwoods Wealth Partners LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,665 shares of the utilities provider’s stock after buying an additional 308 shares during the period. Parkwoods Wealth Partners LLC’s holdings in NextEra Energy were worth $254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Trust Co. of Vermont boosted its holdings in shares of NextEra Energy by 1.0% in the 2nd quarter. Trust Co. of Vermont now owns 389,391 shares of the utilities provider’s stock valued at $27,032,000 after buying an additional 3,799 shares during the period. Ninety One North America Inc. boosted its holdings in shares of NextEra Energy by 4.5% in the 2nd quarter. Ninety One North America Inc. now owns 330,510 shares of the utilities provider’s stock valued at $22,944,000 after buying an additional 14,216 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of NextEra Energy by 3.7% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,151,060 shares of the utilities provider’s stock valued at $79,907,000 after buying an additional 40,939 shares during the period. Loudon Investment Management LLC boosted its stake in NextEra Energy by 897.8% during the 2nd quarter. Loudon Investment Management LLC now owns 32,430 shares of the utilities provider’s stock valued at $2,251,000 after purchasing an additional 29,180 shares during the period. Finally, Rogco LP boosted its stake in NextEra Energy by 16.7% during the 2nd quarter. Rogco LP now owns 5,389 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 770 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley reissued an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Finally, HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.08.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Down 0.9%

NYSE NEE opened at $75.50 on Wednesday. The company’s 50 day simple moving average is $72.59 and its 200 day simple moving average is $71.12. The company has a market capitalization of $155.48 billion, a P/E ratio of 26.40, a PEG ratio of 2.62 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

NextEra Energy Company Profile

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.