NextEra Energy, Inc. $NEE Holdings Lifted by Triad Wealth Partners LLC

Triad Wealth Partners LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1,305.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 53,969 shares of the utilities provider’s stock after purchasing an additional 50,128 shares during the quarter. Triad Wealth Partners LLC’s holdings in NextEra Energy were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Norges Bank acquired a new position in shares of NextEra Energy during the second quarter valued at $2,375,545,000. Vanguard Group Inc. grew its position in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after buying an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after buying an additional 3,755,563 shares during the period. Schroder Investment Management Group raised its position in shares of NextEra Energy by 18.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after buying an additional 1,701,648 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of NextEra Energy by 181.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after acquiring an additional 1,410,200 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.4%

NYSE:NEE opened at $83.82 on Thursday. The stock has a fifty day simple moving average of $82.20 and a 200 day simple moving average of $78.45. The firm has a market capitalization of $174.56 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target on shares of NextEra Energy in a research report on Wednesday. Wells Fargo & Company boosted their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Finally, New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

Insiders Place Their Bets

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The stock was 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 of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

About NextEra Energy

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.