National Wealth Management Group LLC Purchases Shares of 8,014 NextEra Energy, Inc. $NEE

National Wealth Management Group LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,014 shares of the utilities provider’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Activest Wealth Management grew its holdings in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in NextEra Energy during the 2nd quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in NextEra Energy during the 2nd quarter worth $25,000. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth $25,000. Finally, Quaker Wealth Management LLC grew its stake in shares of NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Ronald R. Reagan sold 10,826 shares of NextEra Energy stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total value of $920,210.00. Following the completion of the transaction, the executive vice president owned 15,643 shares in the company, valued at $1,329,655. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $84.84 on Monday. The company has a market capitalization of $176.69 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.63 and a beta of 0.74. The business has a fifty day simple moving average of $82.25 and a two-hundred day simple moving average of $78.64. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Barclays upped their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Wells Fargo & Company increased their price target on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $91.94.

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.