Tred Avon Family Wealth LLC Makes New $2.97 Million Investment in NextEra Energy, Inc. $NEE

Tred Avon Family Wealth LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,303 shares of the utilities provider’s stock, valued at approximately $2,967,000. NextEra Energy makes up 1.0% of Tred Avon Family Wealth LLC’s portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its stake in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth approximately $25,000. Finally, Quaker Wealth Management LLC boosted its holdings 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 in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The shares were 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 owned 162,693 shares in the company, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. Citigroup reaffirmed a “buy” rating and set a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. HSBC raised their price objective on shares of NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Jefferies Financial Group set a $87.00 price objective on shares of NextEra Energy in a report on Wednesday. BMO Capital Markets restated an “outperform” rating and issued a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Finally, Cowen assumed coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Three investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.65 on Friday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The company’s 50 day moving average price is $82.32 and its two-hundred day moving average price is $78.23. The stock has a market cap of $174.21 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.59 and a beta of 0.74. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) 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 analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business 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. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s payout ratio is 72.29%.

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.