Venture Visionary Partners LLC Increases Holdings in NextEra Energy, Inc. $NEE

Venture Visionary Partners LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,083 shares of the utilities provider’s stock after acquiring an additional 6,225 shares during the period. Venture Visionary Partners LLC’s holdings in NextEra Energy were worth $11,254,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Activest Wealth Management grew its position 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 last quarter. Harbor Asset Planning Inc. purchased a new position in NextEra Energy in the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new position in NextEra Energy in the 2nd quarter valued at approximately $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the 1st quarter valued at $26,000. Finally, Quaker Wealth Management LLC increased its holdings 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 purchasing an additional 772 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research analyst reports. Argus set a $90.00 price target on NextEra Energy in a report on Wednesday, October 29th. HSBC increased their price objective on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a research report on Tuesday, December 9th. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.72.

NextEra Energy Trading Up 0.1%

NYSE:NEE opened at $81.72 on Tuesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The business has a fifty day moving average price of $83.67 and a 200-day moving average price of $76.76. The firm has a market capitalization of $170.19 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

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, beating the consensus estimate of $1.04 by $0.09. The business 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 revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date 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 (DPR) is presently 72.29%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’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 value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’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 owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 157,322 shares of company stock valued at $13,148,943 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

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.