Trueblood Wealth Management LLC Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Trueblood Wealth Management LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,155 shares of the utilities provider’s stock after acquiring an additional 141 shares during the period. Trueblood Wealth Management LLC’s holdings in NextEra Energy were worth $1,281,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NEE. Wealthcare Advisory Partners LLC boosted its position in NextEra Energy by 23.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider’s stock valued at $1,475,000 after buying an additional 4,401 shares during the period. Astoria Portfolio Advisors LLC. boosted its position in NextEra Energy by 4.4% during the first quarter. Astoria Portfolio Advisors LLC. now owns 4,718 shares of the utilities provider’s stock valued at $296,000 after buying an additional 200 shares during the period. Toth Financial Advisory Corp boosted its position in NextEra Energy by 625.9% during the first quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock valued at $52,000 after buying an additional 701 shares during the period. Alpha Omega Wealth Management LLC boosted its position in NextEra Energy by 13.2% during the first quarter. Alpha Omega Wealth Management LLC now owns 8,227 shares of the utilities provider’s stock valued at $526,000 after buying an additional 960 shares during the period. Finally, Vicus Capital boosted its position in NextEra Energy by 57.1% during the first quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock valued at $419,000 after buying an additional 2,381 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Price Performance

NEE stock opened at $81.43 on Friday. The firm has a 50 day moving average price of $82.36 and a 200-day moving average price of $76.12. NextEra Energy, Inc. has a 52-week low of $53.81 and a 52-week high of $86.10. The firm has a market capitalization of $167.30 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the business earned $0.94 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS 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 issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s payout ratio is 56.13%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

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.