Tradewinds LLC. Takes $836,000 Position in NextEra Energy, Inc. $NEE

Tradewinds LLC. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,071 shares of the utilities provider’s stock, valued at approximately $836,000.

A number of other large investors have also added to or reduced their stakes in the business. Sax Wealth Advisors LLC raised its position in shares of NextEra Energy by 0.6% in the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 118 shares during the period. apricus wealth LLC boosted its holdings in shares of NextEra Energy by 3.8% during the 3rd quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after buying an additional 120 shares during the period. Fingerlakes Wealth Management Inc. grew its stake in NextEra Energy by 0.8% in the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after buying an additional 124 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in 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 valued at $3,646,000 after acquiring an additional 134 shares during the period. Finally, Veltria Advisors Corp. raised its holdings in NextEra Energy by 4.8% in the 2nd quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 139 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $83.65 on Monday. The firm has a market cap of $174.21 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. The business’s fifty day moving average is $82.32 and its 200-day moving average is $78.27. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $8.13 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts expect 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 issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NEE shares. Barclays boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $89.00 price objective (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 29th. Finally, Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Insider Buying and Selling at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

About NextEra Energy

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.