VCI Wealth Management LLC Makes New $939,000 Investment in NextEra Energy, Inc. $NEE

VCI Wealth Management LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,434 shares of the utilities provider’s stock, valued at approximately $939,000.

Other hedge funds have also recently made changes to their positions in the company. Daymark Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after acquiring an additional 2,767 shares during the last quarter. Avity Investment Management Inc. increased its holdings in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Dillon & Associates Inc. lifted its position in shares of NextEra Energy by 8.4% in the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after buying an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC boosted its stake in NextEra Energy by 171.1% during the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after buying an additional 7,645 shares during the last quarter. Finally, Integrity Alliance LLC. grew its holdings in NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after buying an additional 7,401 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade 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 at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on NEE. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. New Street Research set a $84.00 price target on shares of NextEra Energy in a research note on Monday, October 13th. Citigroup restated a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Morgan Stanley decreased their target price on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Finally, HSBC lifted their price target on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $91.56.

NextEra Energy Price Performance

NextEra Energy stock opened at $80.17 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $83.04 and a 200-day moving average price of $77.21. The firm has a market capitalization of $166.96 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

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.