NextEra Energy, Inc. $NEE Shares Acquired by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the second quarter, Holdings Channel.com reports. The fund owned 47,566 shares of the utilities provider’s stock after acquiring an additional 795 shares during the quarter. NextEra Energy accounts for approximately 1.8% of Orleans Capital Management Corp LA’s investment portfolio, making the stock its 17th largest position. Orleans Capital Management Corp LA’s holdings in NextEra Energy were worth $3,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy in the second quarter worth approximately $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the 1st quarter valued at $26,000. Quaker Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy during the 1st quarter worth $32,000. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business’s 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 transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NEE opened at $86.13 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average price is $82.33 and its two-hundred day moving average price is $75.82. The firm has a market capitalization of $179.36 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NEE shares. HSBC boosted their price objective on NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Jefferies Financial Group restated a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Cowen began coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Mizuho boosted their target price on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Wolfe Research decreased their target price on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.