TriaGen Wealth Management LLC Has $532,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

TriaGen Wealth Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 43.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,299 shares of the utilities provider’s stock after acquiring an additional 1,903 shares during the quarter. TriaGen Wealth Management LLC’s holdings in NextEra Energy were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Meridiem Investment Management Ltd. bought a new position in NextEra Energy in the third quarter valued at approximately $238,000. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in NextEra Energy by 41.7% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 17,000 shares of the utilities provider’s stock valued at $1,437,000 after acquiring an additional 5,000 shares during the last quarter. Legacy Financial Strategies LLC increased its stake in NextEra Energy by 7.2% in the third quarter. Legacy Financial Strategies LLC now owns 47,839 shares of the utilities provider’s stock valued at $4,044,000 after acquiring an additional 3,219 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in NextEra Energy by 2.6% in the third quarter. ST Germain D J Co. Inc. now owns 162,310 shares of the utilities provider’s stock valued at $13,720,000 after acquiring an additional 4,086 shares during the last quarter. Finally, Raymond James & Associates increased its stake in NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.7 %

NEE stock traded up $0.60 during midday trading on Friday, hitting $84.38. The stock had a trading volume of 8,595,305 shares, compared to its average volume of 10,786,079. The firm has a market cap of $173.36 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 1-year low of $50.95 and a 1-year high of $86.10. The business has a fifty day moving average price of $81.81 and a two-hundred day moving average price of $75.44.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Morgan Stanley boosted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $83.64.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.