Wealth Management Partners LLC Acquires New Shares in NextEra Energy, Inc. $NEE

Key Points

• Wealth Management Partners LLC has acquired a new position in NextEra Energy, Inc., purchasing 6,360 shares valued at approximately $475,000 during the 2nd quarter.
• Institutional investors own 78.72% of NextEra Energy's stock, highlighting significant interest and modifications in holdings from various hedge funds.
• The company reported a quarterly earnings per share of $1.05, exceeding consensus estimates; however, its revenue of $6.70 billion fell short of analyst projections.

Wealth Management Partners LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,360 shares of the utilities provider's stock, valued at approximately $475,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Arkfeld Wealth Strategies L.L.C. raised its stake in shares of NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock worth $1,140,000 after buying an additional 136 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after buying an additional 143 shares during the period. Cim LLC boosted its holdings in NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares during the last quarter. Conning Inc. raised its position in shares of NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares during the period. Finally, Moody National Bank Trust Division increased its position in NextEra Energy by 0.5% during the second quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider's stock worth $2,253,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.25 during mid-day trading on Friday, reaching $71.04. 14,817,505 shares of the company traded hands, compared to its average volume of 9,260,582. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market cap of $146.29 billion, a PE ratio of 24.84, a PEG ratio of 2.45 and a beta of 0.65. The company's 50 day moving average price is $72.77 and its 200-day moving average price is $71.07.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business 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 yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NEE. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Transactions at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,523 shares of company stock valued at $1,476,245. Insiders own 0.18% of the company's stock.

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.