NextEra Energy, Inc. $NEE Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 85.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,907 shares of the utilities provider’s stock after acquiring an additional 59,948 shares during the quarter. Perigon Wealth Management LLC’s holdings in NextEra Energy were worth $9,807,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management lifted its position in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in NextEra Energy during the second quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in NextEra Energy during the 2nd quarter worth approximately $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $26,000. Finally, Quaker Wealth Management LLC raised its position in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 772 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s 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 completion of the sale, the executive vice president 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NEE opened at $80.48 on Friday. 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 business’s 50 day moving average is $82.96 and its 200-day moving average is $77.30. The stock has a market cap of $167.62 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53.

NextEra Energy (NYSE:NEE) last posted its 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 firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business 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 of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Argus set a $90.00 price objective on shares of NextEra Energy in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 22nd. Citigroup restated a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 target price (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

About NextEra Energy

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.