Liberty One Investment Management LLC Grows Stock Position in NextEra Energy, Inc. $NEE

Liberty One Investment Management LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 31.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,153 shares of the utilities provider’s stock after buying an additional 21,784 shares during the quarter. Liberty One Investment Management LLC’s holdings in NextEra Energy were worth $6,807,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tripletail Wealth Management LLC acquired a new position in NextEra Energy during the third quarter worth approximately $25,000. Activest Wealth Management grew its stake in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth $25,000. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy during the 2nd quarter worth $25,000. Finally, Quaker Wealth Management LLC raised its position in shares of NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NEE shares. Weiss Ratings reissued a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. HSBC lifted their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Jefferies Financial Group reissued a “hold” rating and set a $88.00 target price (up previously from $85.00) on shares of NextEra Energy in a research report on Wednesday, December 31st. Wolfe Research raised their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Finally, BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.72.

NextEra Energy Price Performance

Shares of NEE stock opened at $81.11 on Tuesday. The firm has a fifty day simple moving average of $82.32 and a 200-day simple moving average of $77.97. The company has a market capitalization of $168.92 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 72.29%.

Insiders Place Their Bets

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy 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.