Pines Wealth Management LLC Invests $1.20 Million in NextEra Energy, Inc. (NYSE:NEE)

Pines Wealth Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 17,759 shares of the utilities provider’s stock, valued at approximately $1,197,000.

Several other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after buying an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares during the last quarter. Nordea Investment Management AB increased its position in NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the period. National Bank of Canada FI increased its position in NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after acquiring an additional 1,369,689 shares during the period. Finally, Raymond James & Associates raised its stake in NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after purchasing an additional 851,873 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $67.98 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a market cap of $139.79 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company’s 50-day moving average price is $73.79 and its two-hundred day moving average price is $77.26.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 3.03%. NextEra Energy’s payout ratio is presently 60.95%.

Analysts Set New Price Targets

NEE has been the topic of several research reports. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Finally, Morgan Stanley cut their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.15.

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.