Modera Wealth Management LLC Purchases 1,988 Shares of NextEra Energy, Inc. $NEE

Modera Wealth Management LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,246 shares of the utilities provider’s stock after acquiring an additional 1,988 shares during the period. Modera Wealth Management LLC’s holdings in NextEra Energy were worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Activest Wealth Management increased 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 valued at $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in NextEra Energy during the 2nd quarter valued at $25,000. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at $26,000. Quaker Wealth Management LLC raised its position in shares of NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in NextEra Energy during the first quarter valued at about $32,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $83.92 on Friday. The business has a fifty day moving average of $78.17 and a 200 day moving average of $73.95. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market capitalization of $174.76 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued 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 is Friday, November 21st. NextEra Energy’s dividend payout ratio is 71.97%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NEE shares. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Jefferies Financial Group restated a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. Finally, Barclays set a $88.00 price objective on NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,028 shares of company stock worth $1,738,973 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

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.