8,895 Shares in NextEra Energy, Inc. $NEE Acquired by Triton Wealth Management PLLC

Key Points

• Triton Wealth Management has acquired 8,895 shares of NextEra Energy, valued at approximately $640,000, as part of their recent investment strategies.
• NextEra Energy has seen significant investment activity, with several large investors increasing their positions in the company during the second quarter, resulting in 78.72% of the stock being held by institutional investors.
• The company's stock currently has a consensus rating of "Moderate Buy" from analysts, with a target price averaging around $85.57.

Triton Wealth Management PLLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,895 shares of the utilities provider's stock, valued at approximately $640,000.

Other large investors have also recently made changes to their positions in the company. Courier Capital LLC increased its stake in NextEra Energy by 6.6% in the second quarter. Courier Capital LLC now owns 22,253 shares of the utilities provider's stock valued at $1,545,000 after purchasing an additional 1,379 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in shares of NextEra Energy by 13.7% during the second quarter. Sagespring Wealth Partners LLC now owns 37,485 shares of the utilities provider's stock worth $2,602,000 after acquiring an additional 4,525 shares during the last quarter. IFC Advisors LLC grew its position in shares of NextEra Energy by 7.2% during the second quarter. IFC Advisors LLC now owns 53,425 shares of the utilities provider's stock worth $3,709,000 after acquiring an additional 3,572 shares during the last quarter. Harbour Trust & Investment Management Co lifted its holdings in shares of NextEra Energy by 8.8% during the second quarter. Harbour Trust & Investment Management Co now owns 130,220 shares of the utilities provider's stock worth $9,040,000 after purchasing an additional 10,502 shares during the period. Finally, RFG Advisory LLC lifted its holdings in shares of NextEra Energy by 11.7% during the second quarter. RFG Advisory LLC now owns 54,997 shares of the utilities provider's stock worth $3,818,000 after purchasing an additional 5,761 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. New Street Research set a $84.00 price target on NextEra Energy in a report on Monday. Mizuho set a $78.00 price target on NextEra Energy in a research note on Thursday, August 21st. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Finally, HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.57.

NextEra Energy Stock Up 0.4%

NYSE NEE opened at $84.67 on Wednesday. The business has a 50 day moving average price of $74.74 and a two-hundred day moving average price of $71.94. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The stock has a market cap of $174.37 billion, a PE ratio of 29.61, a P/E/G ratio of 2.85 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the company posted $0.96 EPS. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.02%.

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company's stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,705 shares of company stock worth $2,446,490. 0.18% of the stock is owned by insiders.

About NextEra Energy

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.

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