Turtle Creek Wealth Advisors LLC Makes New $629,000 Investment in NextEra Energy, Inc. $NEE

Turtle Creek Wealth Advisors LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,055 shares of the utilities provider’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avity Investment Management Inc. grew its position in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares during the period. Integrity Alliance LLC. grew its position in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares during the period. Elyxium Wealth LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $783,000. Czech National Bank grew its position in shares of NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after buying an additional 30,878 shares during the period. Finally, Bowman & Co S.C. grew its position in shares of NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after buying an additional 263 shares during the period. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday. HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.40.

NextEra Energy Trading Down 0.9%

Shares of NextEra Energy stock opened at $85.00 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74. The stock has a market cap of $175.04 billion, a P/E ratio of 29.72, a P/E/G ratio of 2.90 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $75.30 and its 200-day moving average is $72.13.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is 79.37%.

Insiders Place Their Bets

In related news, EVP Michael Dunne sold 10,000 shares of the company’s 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 transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 in the last three months. Insiders own 0.20% of the company’s stock.

NextEra Energy 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.