Raelipskie Partnership Purchases 2,900 Shares of NextEra Energy, Inc. $NEE

Raelipskie Partnership raised its position in NextEra Energy, Inc. (NYSE:NEE) by 16.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,797 shares of the utilities provider’s stock after acquiring an additional 2,900 shares during the period. Raelipskie Partnership’s holdings in NextEra Energy were worth $1,444,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NEE. Arkfeld Wealth Strategies L.L.C. increased its stake in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in shares of NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after acquiring an additional 142 shares during the last quarter. Tradition Wealth Management LLC lifted its position in NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its stake in NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after purchasing an additional 145 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Cowen began coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. UBS Group reissued a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Trading Down 0.1%

Shares of NextEra Energy stock opened at $82.04 on Friday. The stock has a fifty day moving average price of $77.93 and a 200-day moving average price of $73.82. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market cap of $170.86 billion, a PE ratio of 26.13, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is owned by 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.