Syverson Strege & Co Makes New $211,000 Investment in NextEra Energy, Inc. $NEE

Syverson Strege & Co bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,035 shares of the utilities provider’s stock, valued at approximately $211,000.

A number of other large investors have also recently made changes to their positions in NEE. Brighton Jones LLC boosted its stake in shares of NextEra Energy by 7.0% during the fourth 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 boosted its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of NextEra Energy by 9.9% during the first quarter. Golden State Wealth Management LLC now owns 7,598 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 682 shares during the period. Meritage Portfolio Management boosted its stake in shares of NextEra Energy by 3.7% during the first quarter. Meritage Portfolio Management now owns 5,551 shares of the utilities provider’s stock valued at $394,000 after purchasing an additional 200 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of NextEra Energy by 2.9% in the first quarter. OneDigital Investment Advisors LLC now owns 31,631 shares of the utilities provider’s stock valued at $2,242,000 after acquiring an additional 882 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated 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. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,028 shares of company stock worth $1,738,973 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $81.54 on Friday. The company has a market capitalization of $169.81 billion, a PE ratio of 25.97, a P/E/G ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The company has a 50-day simple moving average of $77.31 and a two-hundred day simple moving average of $73.43. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued 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 2.8%. NextEra Energy’s dividend payout ratio is 72.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen assumed coverage on NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. New Street Research set a $84.00 price objective on NextEra Energy in a report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.