Napa Wealth Management Purchases New Shares in NextEra Energy, Inc. (NYSE:NEE)

Napa Wealth Management acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,517 shares of the utilities provider’s stock, valued at approximately $1,143,000.

Other institutional investors also recently bought and sold shares of the company. Catalytic Wealth RIA LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at approximately $212,000. Rockport Wealth LLC purchased a new position in NextEra Energy in the 1st quarter valued at $231,000. O Shaughnessy Asset Management LLC raised its position in NextEra Energy by 26.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 147,600 shares of the utilities provider’s stock worth $9,433,000 after buying an additional 30,457 shares during the last quarter. PYA Waltman Capital LLC raised its holdings in NextEra Energy by 10.4% during the first quarter. PYA Waltman Capital LLC now owns 12,176 shares of the utilities provider’s stock worth $778,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new stake in NextEra Energy in the first quarter valued at $334,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock opened at $76.00 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $156.29 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.76 and a beta of 0.57. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a 50 day moving average price of $81.53 and a 200 day moving average price of $77.55.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NEE. Morgan Stanley boosted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $86.54.

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.