2,707 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by MWA Asset Management

MWA Asset Management acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,707 shares of the utilities provider’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CreativeOne Wealth LLC raised its holdings in shares of NextEra Energy by 56.0% during the first quarter. CreativeOne Wealth LLC now owns 28,204 shares of the utilities provider’s stock valued at $1,802,000 after acquiring an additional 10,123 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of NextEra Energy by 1.3% in the first quarter. EP Wealth Advisors LLC now owns 1,209,966 shares of the utilities provider’s stock valued at $77,329,000 after buying an additional 15,199 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of NextEra Energy by 15.7% in the first quarter. Axxcess Wealth Management LLC now owns 202,683 shares of the utilities provider’s stock worth $12,953,000 after buying an additional 27,538 shares in the last quarter. Stamos Capital Partners L.P. boosted its position in NextEra Energy by 1.2% during the first quarter. Stamos Capital Partners L.P. now owns 87,030 shares of the utilities provider’s stock worth $5,562,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Capital International Inc. CA grew its stake in NextEra Energy by 4.9% during the 1st quarter. Capital International Inc. CA now owns 59,439 shares of the utilities provider’s stock valued at $3,799,000 after acquiring an additional 2,781 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NEE. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley upped their target price on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.54.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $77.08 on Wednesday. The stock has a market capitalization of $158.51 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The business has a 50-day moving average of $81.33 and a 200 day moving average of $77.65. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently disclosed 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 2.67%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

NextEra Energy 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.