Venture Visionary Partners LLC Acquires 6,225 Shares of NextEra Energy, Inc. $NEE

Venture Visionary Partners LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 149,083 shares of the utilities provider’s stock after purchasing an additional 6,225 shares during the quarter. Venture Visionary Partners LLC’s holdings in NextEra Energy were worth $11,254,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NEE. Activest Wealth Management increased its holdings in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy during the second quarter valued at about $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the first quarter worth about $26,000. Finally, Quaker Wealth Management LLC increased its holdings in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $81.72 on Tuesday. 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. The company has a 50-day moving average price of $83.67 and a 200 day moving average price of $76.76. The stock has a market cap of $170.19 billion, a PE ratio of 26.03, a P/E/G ratio of 2.75 and a beta of 0.74.

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 the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a dividend of $0.5665 per share. 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 presently 72.29%.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Citigroup reissued a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a report on Tuesday, December 9th. Weiss Ratings raised shares of NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 8th. New Street Research set a $84.00 target price on shares of NextEra Energy in a report on Monday, October 13th. Finally, HSBC upped their target price on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.72.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated 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 in the company, valued at $694,098.30. This represents a 8.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 157,322 shares of company stock valued at $13,148,943 in the last quarter. 0.18% of the stock is owned by insiders.

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.