Trifecta Capital Advisors LLC Purchases 660 Shares of NextEra Energy, Inc. $NEE

Trifecta Capital Advisors LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 60.8% during the second quarter, Holdings Channel.com reports. The fund owned 1,745 shares of the utilities provider’s stock after buying an additional 660 shares during the period. Trifecta Capital Advisors LLC’s holdings in NextEra Energy were worth $121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Arkfeld Wealth Strategies L.L.C. increased its holdings in NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc increased its holdings in NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares during the period. Tradition Wealth Management LLC increased its holdings in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares during the period. Eagle Wealth Strategies LLC increased its holdings in NextEra Energy by 1.4% in the second quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 149 shares during the period. Finally, Gratus Wealth Advisors LLC increased its holdings in NextEra Energy by 4.1% in the second quarter. Gratus Wealth Advisors LLC now owns 3,873 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock worth $2,446,490 in the last three months. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.06 on Thursday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The company’s 50 day moving average price is $73.69 and its two-hundred day moving average price is $71.53. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a market cap of $173.10 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.87 and a beta of 0.66.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.02%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NEE. Barclays increased their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Melius began coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. Finally, BMO Capital Markets increased their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.08.

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.