CW Advisors LLC Raises Stake in NextEra Energy, Inc. $NEE

CW Advisors LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,377 shares of the utilities provider’s stock after purchasing an additional 46,910 shares during the period. CW Advisors LLC’s holdings in NextEra Energy were worth $24,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NEE. Activest Wealth Management raised its stake in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth about $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the first quarter worth approximately $26,000. Quaker Wealth Management LLC boosted its holdings in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in NextEra Energy in the first quarter valued at approximately $32,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Cowen initiated coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Mizuho boosted their target price on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were 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 of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 168,168 shares of company stock valued at $13,917,670 in the last ninety days. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $84.65 on Wednesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The stock has a market capitalization of $176.28 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.76 and a beta of 0.74. The company has a 50-day simple moving average of $82.83 and a 200-day simple moving average of $75.98. 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 issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is 71.97%.

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.