Nicholas Wealth LLC. Purchases 8,020 Shares of NextEra Energy, Inc. $NEE

Nicholas Wealth LLC. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,250 shares of the utilities provider’s stock after purchasing an additional 8,020 shares during the period. NextEra Energy accounts for about 1.4% of Nicholas Wealth LLC.’s holdings, making the stock its 14th largest holding. Nicholas Wealth LLC.’s holdings in NextEra Energy were worth $3,265,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NEE. Allspring Global Investments Holdings LLC boosted its stake in shares of NextEra Energy by 3.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,416,891 shares of the utilities provider’s stock worth $190,137,000 after acquiring an additional 73,590 shares during the last quarter. Stonebridge Financial Group LLC lifted its position in shares of NextEra Energy by 1.2% in the third quarter. Stonebridge Financial Group LLC now owns 70,195 shares of the utilities provider’s stock worth $5,299,000 after buying an additional 805 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of NextEra Energy by 0.3% during the 3rd quarter. Merit Financial Group LLC now owns 71,330 shares of the utilities provider’s stock worth $5,385,000 after acquiring an additional 216 shares in the last quarter. Hamilton Point Investment Advisors LLC grew its holdings in shares of NextEra Energy by 0.5% in the third quarter. Hamilton Point Investment Advisors LLC now owns 102,037 shares of the utilities provider’s stock valued at $7,703,000 after purchasing an additional 516 shares in the last quarter. Finally, Security National Bank increased its position in NextEra Energy by 5.5% in the third quarter. Security National Bank now owns 98,008 shares of the utilities provider’s stock worth $7,399,000 after purchasing an additional 5,138 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a research report on Tuesday, December 9th. Citigroup reiterated a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Jefferies Financial Group restated a “hold” rating and set a $88.00 price target (up previously from $85.00) on shares of NextEra Energy in a report on Wednesday. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.72.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

NEE opened at $80.54 on Wednesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The firm has a market capitalization of $167.73 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average price is $82.80 and its two-hundred day moving average price is $77.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

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.