New World Advisors LLC Has $349,000 Holdings in NextEra Energy, Inc. $NEE

New World Advisors LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 56.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,025 shares of the utilities provider’s stock after buying an additional 1,814 shares during the quarter. New World Advisors LLC’s holdings in NextEra Energy were worth $349,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NEE. Brighton Jones LLC boosted its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Oak Thistle LLC acquired a new position in NextEra Energy in the first quarter worth $757,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the first quarter worth $35,000. Finally, One Wealth Advisors LLC increased its stake in shares of NextEra Energy by 37.2% in the first quarter. One Wealth Advisors LLC now owns 4,081 shares of the utilities provider’s stock valued at $289,000 after buying an additional 1,106 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,168 shares of company stock valued at $13,917,670 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group reissued a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. Citigroup reissued a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Finally, BTIG Research reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.53.

NextEra Energy Price Performance

Shares of NEE stock opened at $83.41 on Friday. The firm’s 50 day moving average price is $80.87 and its two-hundred day moving average price is $75.21. The stock has a market cap of $173.71 billion, a PE ratio of 26.56, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. 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 posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given 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 payout ratio is presently 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.