Vista Cima Wealth Management LLC Purchases New Position in NextEra Energy, Inc. $NEE

Vista Cima Wealth Management LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 9,014 shares of the utilities provider’s stock, valued at approximately $680,000.

A number of other hedge funds have also bought and sold shares of NEE. von Borstel & Associates Inc. bought a new stake in NextEra Energy during the 3rd quarter valued at $664,000. NorthRock Partners LLC boosted its position in shares of NextEra Energy by 14.7% in the third quarter. NorthRock Partners LLC now owns 31,862 shares of the utilities provider’s stock valued at $2,405,000 after acquiring an additional 4,080 shares during the period. Wealth Advisors of Tampa Bay LLC boosted its holdings in NextEra Energy by 0.5% in the 3rd quarter. Wealth Advisors of Tampa Bay LLC now owns 27,481 shares of the utilities provider’s stock valued at $2,075,000 after purchasing an additional 150 shares during the period. Maia Wealth LLC boosted its stake in NextEra Energy by 90.7% during the third quarter. Maia Wealth LLC now owns 6,251 shares of the utilities provider’s stock valued at $472,000 after buying an additional 2,973 shares during the period. Finally, Nicolet Bankshares Inc. grew its holdings in shares of NextEra Energy by 11.9% during the third quarter. Nicolet Bankshares Inc. now owns 16,766 shares of the utilities provider’s stock worth $1,266,000 after purchasing an additional 1,788 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 1.2%

NEE opened at $92.81 on Friday. The company has a market cap of $193.38 billion, a P/E ratio of 28.21 and a beta of 0.76. The business’s 50-day moving average price is $88.42 and its 200-day moving average price is $82.83. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.6232 dividend. The ex-dividend date is Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 75.68%.

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. UBS Group upped their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wells Fargo & Company lifted their price target on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. BMO Capital Markets set a $95.00 price objective on NextEra Energy in a research report on Thursday, January 29th. Mizuho set a $90.00 price objective on NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.16.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This trade represents a 65.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 185,882 shares of company stock valued at $16,616,757. 0.20% of the stock is currently owned by insiders.

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.