NextEra Energy, Inc. $NEE Holdings Lifted by Mattern Capital Management LLC

Mattern Capital Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,040 shares of the utilities provider’s stock after purchasing an additional 17,544 shares during the quarter. NextEra Energy comprises approximately 1.4% of Mattern Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Mattern Capital Management LLC’s holdings in NextEra Energy were worth $12,081,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Activest Wealth Management increased its position in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new position in NextEra Energy during the 2nd quarter worth $25,000. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy in the second quarter worth $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth $25,000. Finally, Quaker Wealth Management LLC increased its holdings in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $80.32 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm’s 50 day moving average is $82.69 and its 200-day moving average is $77.45. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The stock has a market capitalization of $167.28 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.69 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s payout ratio is presently 71.97%.

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. New Street Research set a $84.00 price objective on shares of NextEra Energy in a report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating and issued a $88.00 price objective (up from $85.00) on shares of NextEra Energy in a report on Wednesday. UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a research report on Tuesday, December 9th. 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’s stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $91.72.

Insider Activity

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction on Monday, November 17th. The stock was 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 of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

NextEra Energy Company 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.