3,317 Shares in NextEra Energy, Inc. $NEE Purchased by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,317 shares of the utilities provider’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. KPP Advisory Services LLC boosted its holdings in NextEra Energy by 12.9% in the 2nd quarter. KPP Advisory Services LLC now owns 15,393 shares of the utilities provider’s stock worth $1,069,000 after buying an additional 1,761 shares during the period. Castle Wealth Management LLC raised its holdings in NextEra Energy by 4.6% during the 2nd quarter. Castle Wealth Management LLC now owns 20,779 shares of the utilities provider’s stock valued at $1,442,000 after acquiring an additional 918 shares during the period. LifeWealth Investments LLC lifted its position in shares of NextEra Energy by 46.3% during the second quarter. LifeWealth Investments LLC now owns 7,608 shares of the utilities provider’s stock worth $528,000 after acquiring an additional 2,408 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in shares of NextEra Energy by 28.5% in the second quarter. Tributary Capital Management LLC now owns 7,220 shares of the utilities provider’s stock worth $501,000 after acquiring an additional 1,600 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of NextEra Energy by 5.7% in the second quarter. Ethic Inc. now owns 38,845 shares of the utilities provider’s stock worth $2,754,000 after acquiring an additional 2,087 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. TD Cowen began coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Cowen assumed coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $88.38.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,528 shares of company stock valued at $2,277,773. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.6%

Shares of NYSE NEE opened at $83.30 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average of $76.46 and a 200-day moving average of $72.64. The firm has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.80 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the business posted $0.96 earnings per share. NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed 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 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 79.02%.

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.