Hibernia Wealth Partners LLC Buys New Stake in NextEra Energy, Inc. $NEE

Hibernia Wealth Partners LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,937 shares of the utilities provider’s stock, valued at approximately $412,000.

Other large investors also recently bought and sold shares of the company. Intrua Financial LLC increased its position in shares of NextEra Energy by 4.0% during the second quarter. Intrua Financial LLC now owns 9,680 shares of the utilities provider’s stock worth $672,000 after purchasing an additional 369 shares in the last quarter. Clearstead Trust LLC grew its stake in NextEra Energy by 2.8% during the 2nd quarter. Clearstead Trust LLC now owns 24,450 shares of the utilities provider’s stock worth $1,697,000 after buying an additional 657 shares during the last quarter. Arvest Bank Trust Division increased its position in NextEra Energy by 188.9% during the second quarter. Arvest Bank Trust Division now owns 19,989 shares of the utilities provider’s stock worth $1,388,000 after buying an additional 13,070 shares during the period. Good Life Advisors LLC increased its position in NextEra Energy by 4.4% during the second quarter. Good Life Advisors LLC now owns 10,126 shares of the utilities provider’s stock worth $703,000 after buying an additional 431 shares during the period. Finally, Impax Asset Management Group plc lifted its stake in NextEra Energy by 30.9% in the second quarter. Impax Asset Management Group plc now owns 49,165 shares of the utilities provider’s stock valued at $3,413,000 after buying an additional 11,603 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, October 27th. Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Argus set a $90.00 price target on NextEra Energy in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Stock Performance

Shares of NEE stock opened at $83.99 on Friday. The stock has a fifty day moving average price of $79.24 and a 200 day moving average price of $74.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market cap of $174.92 billion, a PE ratio of 26.75, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results 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. The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.During the same quarter last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm 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 $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%.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s 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 sale, 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 SEC filing for this sale provides additional information. Insiders have sold 23,028 shares of company stock worth $1,738,973 over the last ninety days. 0.18% of the stock is currently owned by insiders.

NextEra Energy 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.