Cerity Partners LLC Has $94.87 Million Stock Position in NextEra Energy, Inc. $NEE

Cerity Partners LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.2% during the second quarter, Holdings Channel reports. The fund owned 1,366,565 shares of the utilities provider’s stock after acquiring an additional 68,041 shares during the period. Cerity Partners LLC’s holdings in NextEra Energy were worth $94,867,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NEE. Activest Wealth Management grew its stake in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy during the 2nd quarter worth $25,000. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the 1st quarter worth $26,000. Quaker Wealth Management LLC boosted its position in NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $32,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. HSBC upped their price target on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Wolfe Research upped their target price on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Barclays set a $88.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Cowen assumed coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Argus set a $90.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.08 on Monday. The firm has a market capitalization of $173.02 billion, a P/E ratio of 26.46, a PEG ratio of 2.80 and a beta of 0.74. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The business has a 50-day moving average of $83.37 and a 200-day moving average of $76.21. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 158,168 shares of company stock valued at $13,209,770 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

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.