Madison Wealth Partners Inc Increases Holdings in NextEra Energy, Inc. $NEE

Madison Wealth Partners Inc lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 8.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,976 shares of the utilities provider’s stock after purchasing an additional 393 shares during the period. Madison Wealth Partners Inc’s holdings in NextEra Energy were worth $345,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy during the second quarter worth $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the first quarter worth $26,000. Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter worth $32,000. Finally, IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the first quarter worth $35,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.48 on Monday. The business’s fifty day simple moving average is $75.54 and its 200-day simple moving average is $72.24. The company has a market cap of $173.97 billion, a PE ratio of 29.54, a PEG ratio of 2.85 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% 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 over the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Cowen began coverage on NextEra Energy in a report on Wednesday. They set a “buy” rating for the company. TD Cowen began coverage on NextEra Energy in a research report on Thursday. They set a “buy” rating and a $98.00 price target on the stock. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.40.

About NextEra Energy

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.