Nicholas Wealth LLC. Buys 5,084 Shares of NextEra Energy, Inc. $NEE

Nicholas Wealth LLC. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.9% during the second quarter, Holdings Channel reports. The institutional investor owned 35,230 shares of the utilities provider’s stock after purchasing an additional 5,084 shares during the quarter. NextEra Energy comprises 1.2% of Nicholas Wealth LLC.’s holdings, making the stock its 15th biggest position. Nicholas Wealth LLC.’s holdings in NextEra Energy were worth $2,446,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GQG Partners LLC raised its stake in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Vanguard Group Inc. increased its holdings in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after buying an additional 5,554,603 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after buying an additional 2,815,629 shares in the last quarter. Amundi raised its stake in shares of NextEra Energy by 27.8% in the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after buying an additional 2,657,438 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after acquiring an additional 1,886,999 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. TD Cowen initiated coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Melius began coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.53.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.74 on Wednesday. The business’s 50-day simple moving average is $80.11 and its 200 day simple moving average is $74.96. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock has a market cap of $176.48 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during 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 company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. As a group, research analysts anticipate 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 will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 71.97%.

Insider Buying and Selling

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 168,168 shares of company stock worth $13,917,670. Company insiders own 0.20% of the company’s stock.

NextEra Energy Company 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.