Topsail Wealth Management LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Topsail Wealth Management LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,007 shares of the utilities provider's stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Howard Capital Management Group LLC lifted its holdings in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after buying an additional 5,409 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of NextEra Energy by 3.1% during the third quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider's stock valued at $1,842,000 after buying an additional 656 shares during the last quarter. Wealthquest Corp grew its position in shares of NextEra Energy by 4.8% in the 3rd quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider's stock worth $838,000 after buying an additional 446 shares during the last quarter. Tudor Financial Inc. bought a new position in shares of NextEra Energy during the 3rd quarter worth approximately $742,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of NextEra Energy by 4.5% during the 3rd quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider's stock valued at $4,411,000 after purchasing an additional 2,252 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, April 16th. Barclays dropped their price objective on shares of NextEra Energy from $77.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.08.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.08 during midday trading on Monday, hitting $66.17. 7,122,604 shares of the company were exchanged, compared to its average volume of 10,803,370. The business has a fifty day simple moving average of $69.41 and a two-hundred day simple moving average of $72.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $136.22 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the firm earned $0.91 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.42%. NextEra Energy's payout ratio is 84.64%.

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.