Daymark Wealth Partners LLC Increases Stock Position in NextEra Energy, Inc. $NEE

Daymark Wealth Partners LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,015 shares of the utilities provider’s stock after buying an additional 2,767 shares during the quarter. Daymark Wealth Partners LLC’s holdings in NextEra Energy were worth $3,125,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy during the second quarter worth about $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the first quarter worth about $26,000. Quaker Wealth Management LLC increased its holdings in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter worth about $32,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $81.67 on Thursday. The company has a 50 day moving average of $77.09 and a 200 day moving average of $73.23. The stock has a market cap 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. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion during 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 for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid 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 yield of 2.8%. NextEra Energy’s payout ratio is currently 79.37%.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, 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 business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,028 shares of company stock valued at $1,738,973. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore ISI restated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a report on Tuesday. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Cowen started coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Argus set a $90.00 price target on shares of NextEra Energy in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy Company Profile

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.