Signal Advisors Wealth LLC Grows Holdings in NextEra Energy, Inc. $NEE

Signal Advisors Wealth LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 63.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,293 shares of the utilities provider’s stock after purchasing an additional 10,931 shares during the period. Signal Advisors Wealth LLC’s holdings in NextEra Energy were worth $2,136,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Summit Financial LLC raised its stake in shares of NextEra Energy by 10.0% during the first quarter. Summit Financial LLC now owns 91,888 shares of the utilities provider’s stock worth $6,514,000 after purchasing an additional 8,358 shares during the last quarter. Bragg Financial Advisors Inc lifted its holdings in shares of NextEra Energy by 11.9% during the first quarter. Bragg Financial Advisors Inc now owns 90,100 shares of the utilities provider’s stock worth $6,387,000 after purchasing an additional 9,611 shares during the period. Finally, Barnes Wealth Management Group Inc purchased a new position in NextEra Energy in the 1st quarter valued at $202,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 157,322 shares of company stock valued at $13,148,943 in the last 90 days. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Down 1.6%

Shares of NextEra Energy stock opened at $79.58 on Friday. The company has a 50-day moving average of $83.43 and a two-hundred day moving average of $76.96. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The stock has a market cap of $165.73 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74.

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, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on NEE. Evercore ISI restated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. Mizuho increased their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of NextEra Energy in a report on Tuesday, December 9th. Finally, Barclays set a $88.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Three 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 company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

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.