ORBA Wealth Advisors L.L.C. Purchases 2,571 Shares of NextEra Energy, Inc. $NEE

ORBA Wealth Advisors L.L.C. raised its position in NextEra Energy, Inc. (NYSE:NEE) by 69.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,270 shares of the utilities provider’s stock after acquiring an additional 2,571 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in NextEra Energy were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NEE. GQG Partners LLC grew its position in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Amundi boosted its stake in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after buying an additional 2,657,438 shares during the period. Vanguard Group Inc. boosted its stake in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares during the period. Finally, Boston Partners boosted its stake in NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after buying an additional 1,886,999 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NEE. Argus set a $90.00 price objective on NextEra Energy in a research note on Wednesday, October 29th. Citigroup reissued a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. New Street Research set a $84.00 price objective on NextEra Energy in a research note on Monday, October 13th. Finally, TD Cowen began coverage on NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Trading Down 0.2%

NYSE NEE opened at $81.61 on Wednesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average of $77.57 and a 200-day moving average of $73.70. The firm has a market cap of $169.97 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last released its 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. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the previous year, the company posted $1.03 EPS. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast 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 will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is 71.97%.

Insider Activity

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’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 completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 23,028 shares of company stock valued at $1,738,973. Insiders own 0.20% of the company’s stock.

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.