Napa Wealth Management Takes $1.14 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Napa Wealth Management purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,517 shares of the utilities provider's stock, valued at approximately $1,143,000.

Other hedge funds also recently modified their holdings of the company. Tandem Capital Management Corp ADV grew its stake in NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock valued at $840,000 after acquiring an additional 125 shares in the last quarter. Taylor & Morgan Wealth Management LLC raised its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock valued at $655,000 after acquiring an additional 126 shares in the last quarter. Insight Folios Inc raised its holdings in shares of NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock valued at $713,000 after acquiring an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC boosted its position in shares of NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock valued at $906,000 after acquiring an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 0.1 %

NextEra Energy stock traded up $0.04 on Monday, hitting $76.39. 8,963,807 shares of the stock traded hands, compared to its average volume of 10,943,660. The business's fifty day simple moving average is $81.53 and its 200 day simple moving average is $77.55. The firm has a market cap of $157.09 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. NextEra Energy's payout ratio is presently 60.95%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 target price for the company. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Finally, Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of "Hold" and an average target price of $86.54.

NextEra Energy 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.