Maridea Wealth Management LLC Invests $1.12 Million in NextEra Energy, Inc. $NEE

Maridea Wealth Management LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, HoldingsChannel reports. The firm purchased 14,767 shares of the utilities provider’s stock, valued at approximately $1,115,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of NextEra Energy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock valued at $16,139,726,000 after acquiring an additional 922,500 shares during the last quarter. Geode Capital Management LLC raised its stake in NextEra Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after buying an additional 526,996 shares during the period. Norges Bank bought a new position in NextEra Energy during the second quarter worth about $2,375,545,000. Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after acquiring an additional 340,315 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in NextEra Energy by 2.6% in the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after acquiring an additional 408,198 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several research analyst reports. Wolfe Research boosted their price objective on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a report on Wednesday, January 14th. Evercore reissued an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. UBS Group set a $91.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Wells Fargo & Company upped their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Stock Performance

Shares of NEE stock opened at $91.23 on Thursday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.56. The company’s fifty day simple moving average is $84.34 and its 200-day simple moving average is $80.64. The firm has a market cap of $190.08 billion, a PE ratio of 27.73, a P/E/G ratio of 2.87 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.6232 per share. The ex-dividend date is Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is presently 69.00%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 159,049 shares of company stock worth $14,194,542. 0.20% of the stock is owned by company insiders.

NextEra Energy 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.