Spirepoint Private Client LLC Increases Holdings in NextEra Energy, Inc. $NEE

Key Points

• Spirepoint Private Client LLC raised its NextEra Energy stake by 7% in Q4, adding 12,259 shares to hold 187,246 shares worth $15.03 million (about 1.4% of its portfolio and its 16th largest holding).
• NextEra reported Q4 EPS of $0.54 (beating the $0.53 estimate) while revenue of $6.50 billion missed estimates but was up 20.7% year‑over‑year, and the company raised its quarterly dividend to $0.6232 ($2.49 annualized, a 2.6% yield).
• Insiders have been net sellers (190,816 shares worth ~$17.08 million over the last 90 days), while analysts show a consensus of "Moderate Buy" with an average price target of $94.94, roughly in line with the current share price.

Spirepoint Private Client LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,246 shares of the utilities provider's stock after buying an additional 12,259 shares during the period. NextEra Energy comprises approximately 1.4% of Spirepoint Private Client LLC's investment portfolio, making the stock its 16th biggest holding. Spirepoint Private Client LLC's holdings in NextEra Energy were worth $15,032,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NEE. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its stake in NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock worth $887,000 after buying an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC raised its stake in NextEra Energy by 18.1% in the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock worth $386,000 after buying an additional 852 shares in the last quarter. Finally, United Bank raised its stake in NextEra Energy by 2.9% in the second quarter. United Bank now owns 15,596 shares of the utilities provider's stock worth $1,083,000 after buying an additional 444 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE opened at $94.57 on Friday. NextEra Energy, Inc. has a 12 month low of $63.64 and a 12 month high of $96.21. The stock has a fifty day moving average price of $91.88 and a 200-day moving average price of $85.57. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a market cap of $197.21 billion, a PE ratio of 28.74 and a beta of 0.74.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.57. NextEra Energy's payout ratio is currently 75.68%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 30,000 shares of the company's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company's stock, valued at $15,073,290. This represents a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the company's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,816 shares of company stock worth $17,075,619 over the last 90 days. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on NEE. Jefferies Financial Group boosted their price objective on shares of NextEra Energy from $87.00 to $92.00 and gave the stock a "hold" rating in a research note on Tuesday, March 31st. Weiss Ratings downgraded shares of NextEra Energy from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, February 17th. BTIG Research reissued a "buy" rating and issued a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. The Goldman Sachs Group upped their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Finally, Mizuho set a $90.00 price objective on NextEra Energy and gave the company a "neutral" rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $94.94.

About NextEra Energy

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.

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