Triangle Securities Wealth Management Has $2.30 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Triangle Securities Wealth Management lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,203 shares of the utilities provider’s stock after selling 168 shares during the quarter. Triangle Securities Wealth Management’s holdings in NextEra Energy were worth $2,304,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NEE. Dark Forest Capital Management LP acquired a new stake in shares of NextEra Energy during the third quarter worth approximately $77,000. MFA Wealth Advisors LLC acquired a new stake in NextEra Energy during the 3rd quarter valued at $74,000. Captrust Financial Advisors raised its position in NextEra Energy by 58.9% in the 3rd quarter. Captrust Financial Advisors now owns 243,194 shares of the utilities provider’s stock valued at $19,096,000 after purchasing an additional 90,124 shares during the last quarter. Summit Trail Advisors LLC acquired a new position in NextEra Energy in the third quarter worth $256,000. Finally, Studio Investment Management LLC bought a new stake in shares of NextEra Energy during the third quarter worth $7,058,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Shares of NYSE NEE opened at $74.69 on Thursday. NextEra Energy, Inc. has a 52-week low of $67.22 and a 52-week high of $93.73. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49. The stock has a market cap of $146.73 billion, a P/E ratio of 100.93, a P/E/G ratio of 2.79 and a beta of 0.48. The firm has a 50 day moving average price of $74.38 and a 200 day moving average price of $79.98.

NextEra Energy (NYSE:NEEGet Rating) last released its quarterly earnings data on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same quarter in the prior year, the company earned $0.67 EPS. Analysts predict that NextEra Energy, Inc. will post 2.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.28%. NextEra Energy’s payout ratio is 229.73%.

In related news, Director Kirk S. Hachigian purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were purchased at an average price of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $350,950. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

A number of equities analysts have weighed in on the stock. TheStreet downgraded shares of NextEra Energy from a “b” rating to a “c+” rating in a research note on Thursday, April 21st. Credit Suisse Group set a $76.00 price objective on NextEra Energy in a research report on Monday. BMO Capital Markets dropped their target price on NextEra Energy from $105.00 to $93.00 in a research report on Monday, June 13th. Mizuho decreased their price target on NextEra Energy from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 25th. Finally, KeyCorp boosted their price objective on NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, April 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $88.86.

About NextEra Energy (Get Rating)

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, coal, and natural gas facilities. 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.

Read More

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.