NextEra Energy, Inc. $NEE Shares Bought by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 39.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,603 shares of the utilities provider’s stock after purchasing an additional 14,089 shares during the quarter. SevenBridge Financial Group LLC’s holdings in NextEra Energy were worth $3,745,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Goodman Advisory Group LLC acquired a new position in shares of NextEra Energy in the second quarter worth $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter valued at $25,000. Howard Hughes Medical Institute acquired a new stake in shares of NextEra Energy during the second quarter valued at $31,000. Rexford Capital Inc. purchased a new stake in NextEra Energy during the 2nd quarter worth about $34,000. Finally, Abound Wealth Management increased its position in NextEra Energy by 108.2% during the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 185,882 shares of company stock worth $16,616,757. 0.20% of the stock is owned by insiders.

NextEra Energy Stock Up 0.1%

Shares of NYSE NEE opened at $91.68 on Thursday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91. The firm has a fifty day moving average of $87.96 and a 200-day moving average of $82.65. The stock has a market capitalization of $191.01 billion, a PE ratio of 27.86 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 earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.6232 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 75.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group set a $87.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 14th. HSBC lifted their target price on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. BTIG Research reissued a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a research note on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and set a $106.00 price objective on shares of NextEra Energy in a report on Friday, February 20th. Finally, Wolfe Research lifted 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.16.

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.