Sunbelt Securities Inc. Acquires 15,179 Shares of NextEra Energy, Inc. (NYSE:NEE)

Posted by Defense World Staff on Sep 13th, 2023

Sunbelt Securities Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 108.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,173 shares of the utilities provider’s stock after purchasing an additional 15,179 shares during the period. Sunbelt Securities Inc.’s holdings in NextEra Energy were worth $2,234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NEE. Norges Bank bought a new stake in shares of NextEra Energy during the 4th quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC raised its stake in shares of NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after purchasing an additional 30,218,452 shares during the period. Sarasin & Partners LLP raised its stake in shares of NextEra Energy by 23,938.9% during the 1st quarter. Sarasin & Partners LLP now owns 3,646,697 shares of the utilities provider’s stock worth $315,111,000 after purchasing an additional 3,631,527 shares during the period. Mizuho Markets Cayman LP bought a new stake in shares of NextEra Energy during the 1st quarter worth $166,747,000. Finally, Mizuho Markets Americas LLC bought a new stake in shares of NextEra Energy during the 1st quarter worth $166,747,000. 76.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. StockNews.com assumed coverage on NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating for the company. The Goldman Sachs Group assumed coverage on NextEra Energy in a report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Guggenheim decreased their price objective on NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $87.90.

Get Our Latest Stock Analysis on NextEra Energy

Insider Transactions at NextEra Energy

In other NextEra Energy news, Director Kirk S. Hachigian acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $67.95 per share, with a total value of $679,500.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Kirk S. Hachigian bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Lawrence Camaren bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $67.85 per share, with a total value of $271,400.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at $542,800. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.

NextEra Energy Stock Up 0.3 %

NEE stock opened at $67.73 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $137.07 billion, a PE ratio of 16.76, a PEG ratio of 2.54 and a beta of 0.47. NextEra Energy, Inc. has a twelve month low of $65.36 and a twelve month high of $90.47. The stock has a 50-day simple moving average of $70.05 and a two-hundred day simple moving average of $73.47.

NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 3.11 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be issued a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Tuesday, August 29th. NextEra Energy’s payout ratio is 46.29%.

NextEra Energy Company Profile

(Free Report)

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, coal, and natural gas facilities. 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.