Nordwand Advisors LLC Takes $2.96 Million Position in NextEra Energy, Inc. $NEE

Nordwand Advisors LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,700 shares of the utilities provider’s stock, valued at approximately $2,964,000.

A number of other large investors have also modified their holdings of the company. Activest Wealth Management boosted its stake in 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 purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the first quarter worth approximately $26,000. Quaker Wealth Management LLC boosted its position in shares of NextEra Energy by 200.0% during the second 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. Finally, Nova Wealth Management Inc. bought a new position in NextEra Energy in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NEE shares. New Street Research set a $84.00 target price on NextEra Energy in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, November 11th. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. Evercore ISI reiterated an “outperform” rating and issued a $93.00 target price on shares of NextEra Energy in a research report on Tuesday, October 28th. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.53.

NextEra Energy Trading Up 2.1%

Shares of NEE stock opened at $85.68 on Tuesday. The stock has a 50-day simple moving average of $79.82 and a 200 day simple moving average of $74.83. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The stock has a market capitalization of $178.43 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.76 and a beta of 0.69. 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 issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the business earned $1.03 earnings per share. NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 annualized dividend and a yield of 2.6%. NextEra Energy’s dividend payout ratio is currently 71.97%.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,028 shares of company stock valued at $1,738,973 over the last ninety days. Insiders own 0.20% of the company’s stock.

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.