Divergent Planning LLC Makes New Investment in NextEra Energy, Inc. $NEE

Divergent Planning LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 71,055 shares of the utilities provider’s stock, valued at approximately $4,933,000. NextEra Energy accounts for approximately 0.9% of Divergent Planning LLC’s holdings, making the stock its 27th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares during the period. GAMMA Investing LLC raised its position in NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,459,000 after buying an additional 5,949 shares during the last quarter. Advisor Resource Council acquired a new stake in NextEra Energy in the 1st quarter valued at approximately $402,000. Finally, Flagship Harbor Advisors LLC lifted its stake in NextEra Energy by 3.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 29,269 shares of the utilities provider’s stock valued at $2,075,000 after acquiring an additional 923 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,528 shares of company stock worth $2,277,773 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $84.80 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $174.63 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74. The stock has a 50 day moving average of $75.78 and a 200-day moving average of $72.36.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm posted $0.96 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 79.02%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Cowen initiated coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $86.40.

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.