1858 Wealth Management LLC Purchases 874 Shares of NextEra Energy, Inc. $NEE

1858 Wealth Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 16.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,330 shares of the utilities provider’s stock after purchasing an additional 874 shares during the period. 1858 Wealth Management LLC’s holdings in NextEra Energy were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Apollon Wealth Management LLC grew its position in NextEra Energy by 3.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 174,072 shares of the utilities provider’s stock worth $12,084,000 after purchasing an additional 5,213 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in NextEra Energy by 1.6% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 70,812 shares of the utilities provider’s stock worth $4,916,000 after purchasing an additional 1,117 shares during the last quarter. Financial Connections Group Inc. grew its position in NextEra Energy by 82.3% in the 2nd quarter. Financial Connections Group Inc. now owns 1,329 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 600 shares during the last quarter. Benson Investment Management Company Inc. grew its position in NextEra Energy by 12.6% in the 2nd quarter. Benson Investment Management Company Inc. now owns 70,305 shares of the utilities provider’s stock worth $4,881,000 after purchasing an additional 7,865 shares during the last quarter. Finally, Trust Co. of Toledo NA OH grew its position in NextEra Energy by 1.2% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 68,872 shares of the utilities provider’s stock worth $4,781,000 after purchasing an additional 791 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, Evercore ISI set a $92.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.08.

NextEra Energy Price Performance

NYSE:NEE opened at $83.30 on Friday. The firm has a market cap of $171.54 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average price is $74.20 and its two-hundred day moving average price is $71.74.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s payout ratio is 79.02%.

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.