NextEra Energy, Inc. $NEE Shares Bought by BIP Wealth LLC

BIP Wealth LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 112.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,244 shares of the utilities provider’s stock after purchasing an additional 7,004 shares during the quarter. BIP Wealth LLC’s holdings in NextEra Energy were worth $1,063,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in NextEra Energy in the second quarter worth about $25,000. Strive Asset Management LLC acquired a new stake in NextEra Energy in the third quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $33,000. Finally, Abound Wealth Management lifted its holdings in NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $94.22 on Thursday. 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 company’s 50-day moving average price is $91.75 and its two-hundred day moving average price is $85.51. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The stock has a market cap of $196.32 billion, a PE ratio of 28.64 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business earned $0.53 earnings per share. NextEra Energy’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 2.6%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 75.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NEE shares. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Barclays upped their price objective on shares of NextEra Energy from $85.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group upped their price objective on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $106.00 price objective on shares of NextEra Energy in a report on Friday, February 20th. Finally, HSBC upped their price objective on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.94.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares in the company, valued at approximately $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 190,816 shares of company stock valued at $17,075,619 in the last quarter. 0.20% of the stock is owned by company insiders.

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.