Dakota Wealth Management Boosts Holdings in NextEra Energy, Inc. $NEE

Dakota Wealth Management boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 146,566 shares of the utilities provider’s stock after purchasing an additional 9,362 shares during the quarter. Dakota Wealth Management’s holdings in NextEra Energy were worth $11,766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of NextEra Energy during the second quarter valued at approximately $25,000. Strive Asset Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at approximately $29,000. Howard Hughes Medical Institute purchased a new stake in NextEra Energy during the 2nd quarter valued at $31,000. Finally, Abound Wealth Management boosted its stake in NextEra Energy by 108.2% during the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 237 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the transaction, the executive vice president owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 190,816 shares of company stock worth $17,075,619. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley restated an “overweight” rating and issued a $106.00 price target on shares of NextEra Energy in a research note on Friday, February 20th. BMO Capital Markets set a $95.00 price objective on NextEra Energy in a research report on Thursday, January 29th. BTIG Research reiterated a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th. Argus set a $92.00 target price on NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, UBS Group upped their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Two equities research 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 company’s stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.44.

NextEra Energy Price Performance

Shares of NEE opened at $91.15 on Friday. The firm has a market cap of $189.90 billion, a PE ratio of 27.70 and a beta of 0.76. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a fifty day simple moving average of $90.33 and a two-hundred day simple moving average of $84.02.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 75.68%.

NextEra Energy Company 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.