NextEra Energy, Inc. $NEE Shares Acquired by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 68,369 shares of the utilities provider’s stock after acquiring an additional 2,290 shares during the period. Liberty One Investment Management LLC’s holdings in NextEra Energy were worth $4,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Arkfeld Wealth Strategies L.L.C. increased its position in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after acquiring an additional 136 shares during the period. Pine Haven Investment Counsel Inc increased its position in shares of NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 140 shares during the period. McKinley Carter Wealth Services Inc. increased its position in shares of NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after acquiring an additional 142 shares during the period. Tradition Wealth Management LLC increased its position in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV increased its position in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after acquiring an additional 145 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NEE shares. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price target (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $86.40.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares of the company’s stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,528 shares of company stock valued at $2,277,773. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 0.3%

NEE stock opened at $84.80 on Tuesday. The company’s 50-day simple moving average is $75.78 and its 200-day simple moving average is $72.36. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74. The firm has a market cap of $174.63 billion, a P/E ratio of 29.65, a PEG ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the company posted $0.96 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were 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 of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.02%.

About NextEra Energy

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.