Signature Wealth Management Partners LLC Has $1.19 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Signature Wealth Management Partners LLC increased its holdings in NextEra Energy by 97.9%, owning 17,158 shares worth approximately $1.19 million as of the latest SEC filing.
• NextEra Energy reported a quarterly earnings surplus of $1.05 EPS, surpassing the consensus estimate by $0.04, with a year-over-year revenue increase of 10.4% during the quarter.
• The company announced a quarterly dividend of $0.5665, resulting in an annualized yield of 2.8% and a dividend payout ratio of 79.37%.

Signature Wealth Management Partners LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 97.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,158 shares of the utilities provider's stock after buying an additional 8,488 shares during the period. Signature Wealth Management Partners LLC's holdings in NextEra Energy were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NEE. Arkfeld Wealth Strategies L.L.C. grew its position in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after acquiring an additional 136 shares during the period. Pine Haven Investment Counsel Inc grew its position in shares of NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 140 shares during the period. Tradition Wealth Management LLC boosted its holdings in NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after buying an additional 143 shares during the period. Eagle Wealth Strategies LLC boosted its holdings in NextEra Energy by 1.4% in the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider's stock worth $774,000 after buying an additional 149 shares during the period. Finally, XML Financial LLC boosted its holdings in NextEra Energy by 1.0% in the 2nd quarter. XML Financial LLC now owns 16,447 shares of the utilities provider's stock worth $1,142,000 after buying an additional 158 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 2.5%

Shares of NYSE:NEE opened at $80.12 on Friday. The firm has a fifty day moving average price of $72.99 and a two-hundred day moving average price of $71.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The company has a market cap of $164.98 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 2.69 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the firm earned $0.96 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. Analysts anticipate 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. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NEE shares. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. HSBC cut their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NextEra Energy in a report on Saturday, September 27th. Finally, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.08.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 in the last quarter. 0.20% of the stock is currently owned by company 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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