NextEra Energy, Inc. $NEE Shares Acquired by Peterson Wealth Services

Peterson Wealth Services raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,863 shares of the utilities provider’s stock after buying an additional 430 shares during the quarter. Peterson Wealth Services’ holdings in NextEra Energy were worth $754,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management grew its position in shares of NextEra Energy by 79.7% during the 2nd 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. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy in the 1st quarter worth approximately $32,000. Finally, IMA Advisory Services Inc. acquired a new position in NextEra Energy during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NEE shares. New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. BTIG Research raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $88.38.

NextEra Energy Price Performance

NYSE NEE opened at $84.42 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74. The firm has a market capitalization of $173.85 billion, a PE ratio of 29.52, a P/E/G ratio of 2.81 and a beta of 0.66. The company’s 50 day simple moving average is $76.64 and its 200 day simple moving average is $72.78. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at $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. Over the last 90 days, insiders sold 30,528 shares of company stock worth $2,277,773. 0.20% of the stock is currently owned by company insiders.

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.