Divergent Planning LLC Makes New $4.93 Million Investment in NextEra Energy, Inc. $NEE

Divergent Planning LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, Holdings Channel.com reports. The fund bought 71,055 shares of the utilities provider’s stock, valued at approximately $4,933,000. NextEra Energy accounts for 0.9% of Divergent Planning LLC’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors have also made changes to their positions in the stock. Avity Investment Management Inc. lifted its position in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares during the period. Integrity Alliance LLC. raised its position in shares of NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after buying an additional 7,401 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at approximately $783,000. Czech National Bank lifted its holdings in shares of NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after acquiring an additional 30,878 shares during the period. Finally, Bowman & Co S.C. boosted its position in shares of NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after acquiring an additional 263 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,528 shares of company stock worth $2,277,773. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, TD Cowen assumed coverage on NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.40.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.80 on Tuesday. The firm has a market capitalization of $174.63 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.85 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 business’s 50-day moving average price is $75.78 and its 200-day moving average price is $72.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (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 the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is 79.02%.

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.