Syon Capital LLC Acquires 6,392 Shares of NextEra Energy, Inc. $NEE

Syon Capital LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 28.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,662 shares of the utilities provider’s stock after purchasing an additional 6,392 shares during the period. Syon Capital LLC’s holdings in NextEra Energy were worth $2,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC lifted its position in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after purchasing an additional 3,479 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares in the last quarter. Finally, United Bank increased its position in shares of NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after buying an additional 444 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of the company’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 completion of the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,049 shares of company stock worth $14,194,542 over the last 90 days. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on NEE shares. Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Mizuho set a $90.00 target price on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Seaport Research Partners dropped their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. BTIG Research reaffirmed a “buy” rating and issued a $103.00 price target on shares of NextEra Energy in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Stock Down 1.6%

Shares of NYSE:NEE opened at $91.23 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $84.34 and a two-hundred day simple moving average of $80.64. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.56. The stock has a market capitalization of $190.08 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.87 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.6232 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. NextEra Energy’s payout ratio is currently 69.00%.

NextEra Energy Company 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.