NextEra Energy, Inc. $NEE Shares Acquired by CW Advisors LLC

CW Advisors LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 15.6% in the 2nd quarter, Holdings Channel reports. The firm owned 347,377 shares of the utilities provider’s stock after purchasing an additional 46,910 shares during the quarter. CW Advisors LLC’s holdings in NextEra Energy were worth $24,115,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Acorns Advisers LLC purchased a new position in NextEra Energy in the 2nd quarter valued at approximately $243,000. JT Stratford LLC grew its holdings in NextEra Energy by 16.5% in the second quarter. JT Stratford LLC now owns 27,479 shares of the utilities provider’s stock valued at $1,908,000 after purchasing an additional 3,900 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the second quarter valued at $103,000. Blueshift Asset Management LLC acquired a new position in shares of NextEra Energy during the 2nd quarter worth $602,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of NextEra Energy by 191.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 404,799 shares of the utilities provider’s stock worth $28,101,000 after buying an additional 265,740 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NEE shares. Cowen began coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. UBS Group reiterated a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. New Street Research set a $84.00 target price on NextEra Energy in a research note on Monday, October 13th. Mizuho increased their target price on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. Three investment 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’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value 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. This trade represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 168,168 shares of company stock worth $13,917,670 in the last 90 days. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.0%

Shares of NEE opened at $84.65 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a market capitalization of $176.28 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.76 and a beta of 0.74. The stock has a fifty day moving average of $82.83 and a two-hundred day moving average of $75.98. 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 (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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 paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

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.