Guild Investment Management Inc. Raises Position in NextEra Energy, Inc. $NEE

Guild Investment Management Inc. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 72.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,340 shares of the utilities provider’s stock after purchasing an additional 9,380 shares during the period. NextEra Energy makes up about 1.3% of Guild Investment Management Inc.’s portfolio, making the stock its 26th biggest holding. Guild Investment Management Inc.’s holdings in NextEra Energy were worth $1,551,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the 1st quarter worth $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy in the 1st quarter worth $32,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy in the 1st quarter worth $35,000. Semmax Financial Advisors Inc. raised its stake in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its stake in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $83.28 on Wednesday. The stock has a 50-day simple moving average of $73.43 and a two-hundred day simple moving average of $71.44. The firm has a market capitalization of $171.50 billion, a P/E ratio of 29.12, a PEG ratio of 2.83 and a beta of 0.66. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the firm earned $0.96 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 over the last quarter. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NEE shares. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. Barclays lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Finally, BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

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.