Motley Fool Wealth Management LLC Increases Holdings in NextEra Energy, Inc. $NEE

Motley Fool Wealth Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 135.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,199 shares of the utilities provider’s stock after buying an additional 171,485 shares during the quarter. NextEra Energy comprises about 1.2% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Motley Fool Wealth Management LLC’s holdings in NextEra Energy were worth $20,701,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was 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. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,028 shares of company stock valued at $1,738,973. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.0%

NextEra Energy stock opened at $86.08 on Tuesday. The stock has a market cap of $177.26 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.29. The stock has a fifty day moving average of $76.84 and a 200 day moving average of $73.00.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is currently 79.37%.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Evercore ISI set a $92.00 price target on NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Wells Fargo & Company set a $97.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research note on Monday. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

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.