Regent Peak Wealth Advisors LLC Makes New Investment in NextEra Energy, Inc. $NEE

Regent Peak Wealth Advisors LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,364 shares of the utilities provider’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in NextEra Energy during the second quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in NextEra Energy in the second quarter worth approximately $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the first quarter worth $26,000. Finally, Quaker Wealth Management LLC lifted its holdings in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NEE stock opened at $80.17 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The firm has a market capitalization of $166.96 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.70 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. The stock’s 50-day simple moving average is $83.04 and its 200-day simple moving average is $77.21.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st 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 Friday, November 21st. NextEra Energy’s payout ratio is presently 72.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NEE shares. Cowen began coverage on NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. UBS Group set a $91.00 price objective on NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. Citigroup reiterated a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of NextEra Energy in a report on Tuesday, December 9th. Finally, TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.