Shorepoint Capital Partners LLC Buys Shares of 35,163 NextEra Energy, Inc. $NEE

Shorepoint Capital Partners LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,163 shares of the utilities provider’s stock, valued at approximately $2,654,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arkfeld Wealth Strategies L.L.C. increased its holdings in NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the last quarter. Veltria Advisors Corp. raised its holdings in NextEra Energy by 4.8% during the 2nd quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock worth $210,000 after buying an additional 139 shares during the period. Pine Haven Investment Counsel Inc lifted its stake in NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in shares of NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares during the period. Finally, Tradition Wealth Management LLC increased its position in shares of NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 143 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 157,322 shares of company stock valued at $13,148,943 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Citigroup reaffirmed a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Barclays set a $88.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Morgan Stanley cut their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Mizuho upped their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $91.72.

NextEra Energy Stock Performance

Shares of NEE stock opened at $81.72 on Tuesday. The company has a market capitalization of $170.19 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The company has a 50-day simple moving average of $83.67 and a 200 day simple moving average of $76.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

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.