Paradiem LLC Grows Stock Holdings in NextEra Energy, Inc. $NEE

Paradiem LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 14.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,804 shares of the utilities provider’s stock after buying an additional 21,367 shares during the period. NextEra Energy makes up approximately 2.9% of Paradiem LLC’s holdings, making the stock its 18th largest holding. Paradiem LLC’s holdings in NextEra Energy were worth $12,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Princeton Global Asset Management LLC grew its holdings in shares of NextEra Energy by 0.3% in the 3rd quarter. Princeton Global Asset Management LLC now owns 48,300 shares of the utilities provider’s stock worth $3,646,000 after acquiring an additional 134 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its position in NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares in the last quarter. Veltria Advisors Corp. grew its holdings in NextEra Energy by 4.8% in the second quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 139 shares during the last quarter. Pine Haven Investment Counsel Inc grew its holdings in NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its stake in shares of NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after buying an additional 142 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’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 sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEE. UBS Group set a $91.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 22nd. Morgan Stanley dropped their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $89.00 target price (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.56.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $80.48 on Friday. The business has a 50-day moving average of $82.96 and a two-hundred day moving average of $77.30. The firm has a market capitalization of $167.62 billion, a PE ratio of 25.63, a P/E/G ratio of 2.70 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the company posted $1.03 earnings per share. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed 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. 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 currently 72.29%.

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.