NextEra Energy, Inc. $NEE is Core Wealth Management Inc.’s 7th Largest Position

Core Wealth Management Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,729 shares of the utilities provider’s stock after purchasing an additional 11,311 shares during the period. NextEra Energy accounts for 0.9% of Core Wealth Management Inc.’s holdings, making the stock its 7th biggest holding. Core Wealth Management Inc.’s holdings in NextEra Energy were worth $2,697,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. Activest Wealth Management boosted its position 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 worth $25,000 after acquiring an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at about $25,000. Finally, Quaker Wealth Management LLC increased its holdings in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.3%

Shares of NEE opened at $79.42 on Friday. The company’s fifty day simple moving average is $82.37 and its 200-day simple moving average is $77.74. The company has a market cap of $165.40 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.43 and a beta of 0.74. 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, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The company 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%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. HSBC lifted their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 29th. TD Cowen initiated coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. UBS Group set a $91.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.72.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s 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 of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.