Turtle Creek Wealth Advisors LLC Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Turtle Creek Wealth Advisors LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,147 shares of the utilities provider’s stock after purchasing an additional 788 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in NextEra Energy were worth $689,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NEE. Tandem Capital Management Corp ADV boosted its holdings in shares of NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after buying an additional 125 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its stake in NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 126 shares in the last quarter. Insight Folios Inc boosted its stake in NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after acquiring an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC grew its holdings in NextEra Energy by 1.2% in the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after purchasing an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in shares of NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

NEE stock traded up $1.07 during trading on Friday, hitting $76.35. 12,930,527 shares of the company traded hands, compared to its average volume of 10,952,575. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a market cap of $157.01 billion, a PE ratio of 22.58, a P/E/G ratio of 2.68 and a beta of 0.57. The stock’s 50-day simple moving average is $81.53 and its 200 day simple moving average is $77.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.