Wrapmanager Inc. Acquires 647 Shares of NextEra Energy, Inc. $NEE

Wrapmanager Inc. raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,017 shares of the utilities provider’s stock after buying an additional 647 shares during the quarter. Wrapmanager Inc.’s holdings in NextEra Energy were worth $904,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Arkfeld Wealth Strategies L.L.C. increased its stake in NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc grew its stake in shares of NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares during the period. McKinley Carter Wealth Services Inc. increased its position in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares in the last quarter. Tradition Wealth Management LLC raised its stake in NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV boosted its holdings in NextEra Energy by 1.5% in the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,028 shares of company stock worth $1,738,973 in the last ninety days. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 2.2%

NextEra Energy stock opened at $83.99 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. 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 firm’s 50-day simple moving average is $79.24 and its 200 day simple moving average is $74.47. The stock has a market cap of $174.92 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last announced 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 for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Citigroup restated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. TD Cowen assumed coverage on shares of NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, BTIG Research restated a “buy” rating on shares of NextEra Energy in a report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

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.