NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 835.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,947 shares of the utilities provider’s stock after purchasing an additional 4,418 shares during the period. ORG Wealth Partners LLC’s holdings in NextEra Energy were worth $355,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the 3rd quarter valued at approximately $27,000. Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $33,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy during the second quarter worth about $33,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 4.0 %

Shares of NYSE NEE traded down $2.83 during mid-day trading on Friday, hitting $67.83. The company’s stock had a trading volume of 5,532,146 shares, compared to its average volume of 6,557,229. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company’s fifty day simple moving average is $74.43 and its 200-day simple moving average is $77.31. 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 stock has a market cap of $139.49 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.04%. NextEra Energy’s dividend payout ratio is 60.95%.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.15.

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.