GAMMA Investing LLC Purchases 8,562 Shares of NextEra Energy, Inc. $NEE

GAMMA Investing LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,942 shares of the utilities provider’s stock after buying an additional 8,562 shares during the quarter. GAMMA Investing LLC’s holdings in NextEra Energy were worth $3,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Brighton Jones LLC grew its position in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares during the last quarter. Ethic Inc. raised its holdings in NextEra Energy by 19.6% during the first quarter. Ethic Inc. now owns 36,758 shares of the utilities provider’s stock worth $2,607,000 after acquiring an additional 6,029 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its position in NextEra Energy by 10.4% during the first quarter. Mill Creek Capital Advisors LLC now owns 6,534 shares of the utilities provider’s stock valued at $463,000 after purchasing an additional 613 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in NextEra Energy by 6.4% during the first quarter. Brooklyn Investment Group now owns 20,161 shares of the utilities provider’s stock valued at $1,429,000 after purchasing an additional 1,204 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 157,322 shares of company stock worth $13,148,943 in the last ninety days. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $81.72 on Tuesday. The stock has a market cap of $170.19 billion, a PE ratio of 26.03, a P/E/G ratio of 2.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The firm has a 50-day moving average of $83.67 and a 200-day moving average of $76.76. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. HSBC boosted their target price on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Mizuho increased their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Cowen assumed coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Morgan Stanley dropped their target price on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $91.72.

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.