NextEra Energy, Inc. $NEE is Core Wealth Management Inc.’s 7th Largest Position

Core Wealth Management Inc. grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 46.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,729 shares of the utilities provider’s stock after acquiring an additional 11,311 shares during the period. NextEra Energy accounts for 0.9% of Core Wealth Management Inc.’s holdings, making the stock its 7th biggest holding. Core Wealth Management Inc.’s holdings in NextEra Energy were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Activest Wealth Management increased its holdings in NextEra Energy by 79.7% during 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 during the period. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy during the second quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy in the second quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new stake in NextEra Energy in the third quarter worth about $25,000. Finally, Quaker Wealth Management LLC lifted its stake in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.3%

NextEra Energy stock opened at $79.42 on Friday. The business has a fifty day moving average price of $82.37 and a 200-day moving average price of $77.74. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The stock has a market capitalization of $165.40 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.43 and a beta of 0.74. 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 (NYSE:NEE) last released its quarterly earnings results 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 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%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 72.29%.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NEE shares. BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a research report on Tuesday, December 9th. 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 set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Citigroup reiterated a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Finally, HSBC upped their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.72.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.