NextEra Energy, Inc. $NEE Shares Bought by Tema Etfs LLC

Tema Etfs LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 35.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,672 shares of the utilities provider’s stock after buying an additional 17,833 shares during the quarter. NextEra Energy comprises about 1.3% of Tema Etfs LLC’s holdings, making the stock its 25th biggest holding. Tema Etfs LLC’s holdings in NextEra Energy were worth $4,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. lifted its position in NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after acquiring an additional 136 shares during the last quarter. Veltria Advisors Corp. grew its holdings in shares of NextEra Energy by 4.8% during the second quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock worth $210,000 after purchasing an additional 139 shares during the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its position in shares of NextEra Energy by 0.4% during the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 142 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 2.0%

Shares of NYSE:NEE opened at $83.29 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm’s 50-day simple moving average is $83.22 and its 200-day simple moving average is $76.10. The company has a market cap of $173.46 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.86 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 72.29%.

Insiders Place Their Bets

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 168,168 shares of company stock worth $13,917,670. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley dropped their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. UBS Group reiterated a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Mizuho increased their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.00.

About NextEra Energy

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.