Sage Mountain Advisors LLC Acquires 9,359 Shares of NextEra Energy, Inc. $NEE

Sage Mountain Advisors LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 61.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,662 shares of the utilities provider’s stock after acquiring an additional 9,359 shares during the quarter. Sage Mountain Advisors LLC’s holdings in NextEra Energy were worth $1,862,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after acquiring an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC raised its position in NextEra Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares in the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy in the 2nd quarter worth $2,375,545,000. Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after buying an additional 340,315 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of NextEra Energy by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after buying an additional 408,198 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEE. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. Mizuho lifted their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. TD Cowen initiated coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. HSBC increased their target price on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. boosted their price target on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

NextEra Energy Trading Down 1.0%

NYSE:NEE opened at $82.81 on Tuesday. 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 fifty day simple moving average of $82.29 and a 200-day simple moving average of $78.34. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a market capitalization of $172.47 billion, a P/E ratio of 26.40, a PEG ratio of 2.59 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The company 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%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share 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 issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is 72.29%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.