Obermeyer Wealth Partners Acquires 832 Shares of NextEra Energy, Inc. $NEE

Obermeyer Wealth Partners grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 296,416 shares of the utilities provider’s stock after acquiring an additional 832 shares during the quarter. Obermeyer Wealth Partners’ holdings in NextEra Energy were worth $20,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management raised its stake in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy during the second quarter worth $25,000. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy in the first quarter valued at about $26,000. Quaker Wealth Management LLC grew its holdings in NextEra Energy by 200.0% during 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 during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in NextEra Energy during the 1st quarter worth about $32,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.1%

NYSE NEE opened at $81.54 on Monday. The stock has a market capitalization of $169.81 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.76 and a beta of 0.66. The stock’s 50 day moving average price is $77.31 and its two-hundred day moving average price is $73.48. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for 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%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s payout ratio is 71.97%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. TD Cowen initiated coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Barclays set a $88.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Cowen assumed coverage on NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.22.

Insiders Place Their Bets

In related news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was 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 in the company, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,028 shares of company stock valued at $1,738,973 in the last 90 days. 0.20% 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.