NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,783 shares of the utilities provider’s stock after acquiring an additional 339 shares during the period. Sugarloaf Wealth Management LLC’s holdings in NextEra Energy were worth $271,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Semmax Financial Advisors Inc. grew its holdings in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares during the period. Burkett Financial Services LLC lifted its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $33,000. Finally, Quarry LP acquired a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $33,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Price Performance

NYSE NEE traded down $3.14 on Friday, reaching $67.52. The company’s stock had a trading volume of 9,039,443 shares, compared to its average volume of 7,158,740. The stock has a market cap of $138.85 billion, a PE ratio of 19.98, a PEG ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm’s 50 day moving average is $74.43 and its two-hundred day moving average is $77.31. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio is 60.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NEE shares. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Finally, Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.15.

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.