NextEra Energy, Inc. $NEE Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 85.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 129,907 shares of the utilities provider’s stock after buying an additional 59,948 shares during the quarter. Perigon Wealth Management LLC’s holdings in NextEra Energy were worth $9,807,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Princeton Global Asset Management LLC boosted its stake in shares of NextEra Energy by 0.3% during 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 in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its position in shares of 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 during the period. Veltria Advisors Corp. lifted its holdings in shares of NextEra Energy by 4.8% during 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 boosted its position 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 purchasing an additional 140 shares during the period. Finally, McKinley Carter Wealth Services Inc. increased its stake 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 worth $2,355,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. TD Cowen initiated coverage on shares of NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price for the company. Wolfe Research raised their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Barclays set a $88.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, Citigroup reissued a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $91.56.

Insider Activity at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The shares were 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 of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $80.48 on Friday. The stock has a fifty day moving average price of $82.96 and a 200 day moving average price of $77.30. 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, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The stock has a market cap of $167.62 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.70 and a beta of 0.74.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s payout ratio is 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.