Geneos Wealth Management Inc. Has $10 Million Holdings in NextEra Energy, Inc. $NEE

Geneos Wealth Management Inc. cut its position in NextEra Energy, Inc. (NYSE:NEE) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 132,400 shares of the utilities provider’s stock after selling 11,354 shares during the period. Geneos Wealth Management Inc.’s holdings in NextEra Energy were worth $9,995,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management grew its position in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new position in NextEra Energy during the third quarter worth about $25,000. Finally, Quaker Wealth Management LLC increased its position in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy 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 sale, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $81.30 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The business has a fifty day simple moving average of $82.53 and a 200 day simple moving average of $77.65. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a market capitalization of $169.32 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last posted its 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. The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Morgan Stanley decreased their target price on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $89.00 price objective (down from $90.00) on shares of NextEra Energy in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.72.

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.