NextEra Energy, Inc. $NEE Shares Purchased by Tema Etfs LLC

Tema Etfs LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 98.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,114 shares of the utilities provider’s stock after acquiring an additional 67,442 shares during the quarter. NextEra Energy makes up approximately 0.9% of Tema Etfs LLC’s investment portfolio, making the stock its 19th largest position. Tema Etfs LLC’s holdings in NextEra Energy were worth $10,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management grew its position in NextEra Energy by 79.7% during 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 during the period. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy in the second quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy in the 2nd quarter valued at $25,000. Tripletail Wealth Management LLC purchased a new position in NextEra Energy in the 3rd quarter valued at $25,000. Finally, Quaker Wealth Management LLC lifted its holdings in NextEra Energy by 200.0% in the 2nd 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. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $79.92 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market capitalization of $166.43 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. The firm’s 50-day moving average is $82.33 and its two-hundred day moving average is $77.90. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53.

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 the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 72.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NEE shares. Cowen started coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Citigroup reiterated a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 29th. Finally, Evercore ISI restated an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.72.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

About NextEra Energy

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.