Vista Cima Wealth Management LLC Takes Position in NextEra Energy, Inc. $NEE

Vista Cima Wealth Management LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,014 shares of the utilities provider’s stock, valued at approximately $680,000.

Other large investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. grew its holdings in NextEra Energy by 24.8% during the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after buying an additional 12,738 shares in the last quarter. Varma Mutual Pension Insurance Co boosted its holdings in NextEra Energy by 5.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after acquiring an additional 15,600 shares during the last quarter. National Pension Service grew its stake in shares of NextEra Energy by 1.3% in the 3rd quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock worth $365,783,000 after acquiring an additional 60,324 shares in the last quarter. Synergy Asset Management LLC raised its holdings in shares of NextEra Energy by 286.0% in the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after purchasing an additional 16,322 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of NextEra Energy by 61.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock valued at $4,604,000 after purchasing an additional 23,288 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $92.81 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The firm has a market cap of $193.38 billion, a price-to-earnings ratio of 28.21 and a beta of 0.76. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The firm’s 50-day simple moving average is $88.42 and its two-hundred day simple moving average is $82.83.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.6232 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is 75.68%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NEE shares. BMO Capital Markets set a $95.00 price objective on shares of NextEra Energy in a research report on Thursday, January 29th. Jefferies Financial Group set a $87.00 target price on shares of NextEra Energy in a research report on Wednesday, January 14th. UBS Group upped their target price on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price target on shares of NextEra Energy in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.16.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 185,882 shares of company stock valued at $16,616,757. Company insiders own 0.20% of the company’s stock.

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.