Opus Capital Group LLC Has $434,000 Stock Holdings in NextEra Energy, Inc. $NEE

Opus Capital Group LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 6,253 shares of the utilities provider’s stock after selling 500 shares during the quarter. Opus Capital Group LLC’s holdings in NextEra Energy were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the last quarter. GAMMA Investing LLC increased its position in shares of NextEra Energy by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Daymark Wealth Partners LLC increased its position in shares of NextEra Energy by 2.1% during the 1st quarter. Daymark Wealth Partners LLC now owns 42,248 shares of the utilities provider’s stock worth $2,995,000 after purchasing an additional 857 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of NextEra Energy by 142.9% during the 1st quarter. Golden State Wealth Management LLC now owns 16,797 shares of the utilities provider’s stock worth $1,191,000 after purchasing an additional 9,881 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Cowen assumed coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, BTIG Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $88.38.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,528 shares of company stock valued at $2,277,773. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $83.30 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74. The stock has a 50 day moving average of $76.46 and a 200-day moving average of $72.64. The company has a market capitalization of $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.80 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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 business 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is 79.02%.

NextEra Energy Company 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.