Raelipskie Partnership Buys 2,900 Shares of NextEra Energy, Inc. $NEE

Raelipskie Partnership grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,797 shares of the utilities provider’s stock after purchasing an additional 2,900 shares during the period. Raelipskie Partnership’s holdings in NextEra Energy were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Modera Wealth Management LLC boosted its position in NextEra Energy by 4.8% in the second quarter. Modera Wealth Management LLC now owns 43,246 shares of the utilities provider’s stock valued at $3,002,000 after buying an additional 1,988 shares in the last quarter. Twin Capital Management Inc. bought a new position in shares of NextEra Energy in the 2nd quarter valued at $4,206,000. Soltis Investment Advisors LLC boosted its holdings in shares of NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 7,645 shares in the last quarter. HORAN Wealth LLC bought a new stake in NextEra Energy during the 2nd quarter worth $3,209,000. Finally, SouthState Corp increased its holdings in NextEra Energy by 7.5% in the 2nd quarter. SouthState Corp now owns 261,465 shares of the utilities provider’s stock worth $18,151,000 after purchasing an additional 18,310 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were 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 owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,028 shares of company stock worth $1,738,973 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $82.04 on Friday. 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, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a 50 day simple moving average of $77.93 and a two-hundred day simple moving average of $73.82. The company has a market capitalization of $170.86 billion, a PE ratio of 26.13, a P/E/G ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted 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 company 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%. NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is currently 71.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NEE shares. Morgan Stanley reissued an “overweight” rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Evercore ISI reaffirmed an “outperform” rating and set a $93.00 price target on shares of NextEra Energy in a research note on Tuesday, October 28th. Finally, New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $90.22.

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.