Munro Partners Buys 22,400 Shares of NextEra Energy, Inc. $NEE

Munro Partners increased its position in NextEra Energy, Inc. (NYSE:NEE) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 289,332 shares of the utilities provider’s stock after purchasing an additional 22,400 shares during the quarter. Munro Partners’ holdings in NextEra Energy were worth $21,842,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. Princeton Global Asset Management LLC grew its stake in NextEra Energy by 0.3% in the third quarter. Princeton Global Asset Management LLC now owns 48,300 shares of the utilities provider’s stock valued at $3,646,000 after acquiring an additional 134 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares in the last quarter. Veltria Advisors Corp. grew its position in NextEra Energy by 4.8% in the 2nd quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 139 shares during the period. Pine Haven Investment Counsel Inc grew its position in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares during the period. Finally, McKinley Carter Wealth Services Inc. increased its stake in NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after purchasing an additional 142 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE opened at $79.80 on Wednesday. The firm has a 50-day moving average of $83.25 and a 200 day moving average of $77.16. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The firm has a market cap of $166.19 billion, a P/E ratio of 25.41, a PEG ratio of 2.69 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business 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 posted $1.03 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Evercore ISI reiterated an “outperform” rating and set a $93.00 price target on shares of NextEra Energy in a research note on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating and set a $89.00 price objective (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Morgan Stanley lowered their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. Finally, Cowen started coverage on NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Three research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction 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 sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 157,322 shares of company stock worth $13,148,943 in the last three months. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy 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.