Waterloo Capital L.P. Buys 2,792 Shares of NextEra Energy, Inc. $NEE

Waterloo Capital L.P. grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,370 shares of the utilities provider’s stock after purchasing an additional 2,792 shares during the quarter. Waterloo Capital L.P.’s holdings in NextEra Energy were worth $2,247,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in 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 purchasing an additional 298 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in NextEra Energy in the 1st quarter worth about $276,000. Providence Wealth Advisors LLC increased its stake in NextEra Energy by 3.0% in the 1st quarter. Providence Wealth Advisors LLC now owns 40,243 shares of the utilities provider’s stock valued at $2,853,000 after buying an additional 1,155 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NextEra Energy by 3.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 890,438 shares of the utilities provider’s stock valued at $63,123,000 after buying an additional 31,325 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $83.41 on Monday. The company has a market capitalization of $173.71 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.76 and a beta of 0.69. The business has a fifty day simple moving average of $80.87 and a two-hundred day simple moving average of $75.32. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. 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, topping the consensus estimate 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 the consensus estimate of $8.13 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm 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. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’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 transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents 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 168,168 shares of company stock worth $13,917,670 over the last three months. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NEE shares. HSBC boosted their target price on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. Argus set a $90.00 target price on NextEra Energy in a research report on Wednesday, October 29th. Morgan Stanley cut their price target on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, TD Cowen started coverage on shares of NextEra Energy in a research report 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, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $90.63.

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.