Noesis Capital Mangement Corp Raises Stake in NextEra Energy, Inc. $NEE

Noesis Capital Mangement Corp raised its position in NextEra Energy, Inc. (NYSE:NEE) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,565 shares of the utilities provider’s stock after acquiring an additional 6,210 shares during the quarter. NextEra Energy makes up about 1.9% of Noesis Capital Mangement Corp’s holdings, making the stock its 21st biggest holding. Noesis Capital Mangement Corp’s holdings in NextEra Energy were worth $11,146,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Avity Investment Management Inc. lifted its position in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares during the last quarter. Integrity Alliance LLC. lifted its position in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $783,000. Czech National Bank grew its stake in NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after buying an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. grew its stake in NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NEE. JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Citigroup reaffirmed a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a report on Wednesday. Barclays set a $88.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Finally, Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.22.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’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 directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $81.67 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market capitalization of $168.18 billion, a P/E ratio of 26.01, a P/E/G ratio of 2.82 and a beta of 0.66. The company’s fifty day moving average is $77.09 and its two-hundred day moving average is $73.23. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53.

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 the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion for 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%. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is currently 79.37%.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.