Opal Wealth Advisors LLC Has $507,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Opal Wealth Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 57.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,994 shares of the utilities provider’s stock after purchasing an additional 2,179 shares during the quarter. Opal Wealth Advisors LLC’s holdings in NextEra Energy were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Acorn Creek Capital LLC bought a new position in shares of NextEra Energy during the third quarter worth approximately $226,000. Lynch & Associates IN grew its holdings in NextEra Energy by 1.4% in the 3rd quarter. Lynch & Associates IN now owns 57,439 shares of the utilities provider’s stock valued at $4,855,000 after buying an additional 800 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its position in NextEra Energy by 3.9% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 75,641 shares of the utilities provider’s stock worth $6,095,000 after buying an additional 2,868 shares during the period. Magnus Financial Group LLC lifted its holdings in shares of NextEra Energy by 9.8% during the third quarter. Magnus Financial Group LLC now owns 9,405 shares of the utilities provider’s stock worth $795,000 after buying an additional 836 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC lifted its holdings in shares of NextEra Energy by 5.3% during the third quarter. Ullmann Wealth Partners Group LLC now owns 7,320 shares of the utilities provider’s stock worth $619,000 after buying an additional 366 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several research reports. Barclays upped their price target on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Morgan Stanley raised their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank increased their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.07.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.1 %

NEE opened at $82.79 on Wednesday. The company’s 50 day moving average price is $81.41 and its two-hundred day moving average price is $75.17. The firm has a market capitalization of $170.09 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a fifty-two week low of $50.95 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company earned $0.88 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is presently 56.13%.

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.