Clear Creek Financial Management LLC Boosts Stock Position in NextEra Energy, Inc. $NEE

Clear Creek Financial Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,680 shares of the utilities provider’s stock after acquiring an additional 1,458 shares during the period. Clear Creek Financial Management LLC’s holdings in NextEra Energy were worth $1,436,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NEE. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the first quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter valued at about $32,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the first quarter valued at about $35,000. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after buying an additional 366 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NEE shares. BMO Capital Markets increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an “outperform” rating in a report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.08.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,705 shares of company stock worth $2,446,490. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $83.63 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average price is $73.94 and its 200-day moving average price is $71.63. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The stock has a market cap of $172.22 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.89 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.37%.

NextEra Energy Company Profile

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.