Fairvoy Private Wealth LLC Increases Stake in NextEra Energy, Inc. $NEE

Fairvoy Private Wealth LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,335 shares of the utilities provider’s stock after acquiring an additional 1,609 shares during the period. Fairvoy Private Wealth LLC’s holdings in NextEra Energy were worth $1,273,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the 1st quarter worth approximately $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the 1st quarter worth approximately $35,000. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,369 shares of company stock valued at $1,539,610. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NEE. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Barclays increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Melius assumed coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Stock Performance

NextEra Energy stock opened at $80.12 on Friday. The stock has a market cap of $164.98 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average of $72.99 and a 200-day moving average of $71.28. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

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.