Opal Wealth Advisors LLC Acquires 2,179 Shares of NextEra Energy, Inc. (NYSE:NEE)

Opal Wealth Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 57.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,994 shares of the utilities provider’s stock after purchasing an additional 2,179 shares during the quarter. Opal Wealth Advisors LLC’s holdings in NextEra Energy were worth $507,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Los Angeles Capital Management LLC raised its stake in shares of NextEra Energy by 0.6% in the first quarter. Los Angeles Capital Management LLC now owns 301,648 shares of the utilities provider’s stock worth $19,278,000 after acquiring an additional 1,917 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NextEra Energy by 9.9% in the 1st quarter. GAMMA Investing LLC now owns 11,490 shares of the utilities provider’s stock valued at $734,000 after buying an additional 1,036 shares during the period. Massmutual Trust Co. FSB ADV increased its position in NextEra Energy by 43.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 218,661 shares of the utilities provider’s stock worth $13,975,000 after purchasing an additional 65,961 shares during the period. Farmers Trust Co. raised its holdings in NextEra Energy by 22.8% during the 1st quarter. Farmers Trust Co. now owns 107,020 shares of the utilities provider’s stock worth $6,840,000 after purchasing an additional 19,887 shares during the last quarter. Finally, Osher Van de Voorde Investment Management lifted its position in NextEra Energy by 39.8% during the 1st quarter. Osher Van de Voorde Investment Management now owns 228,445 shares of the utilities provider’s stock valued at $14,600,000 after purchasing an additional 65,031 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on NEE shares. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays raised their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Citigroup lifted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.07.

NextEra Energy Trading Down 0.1 %

Shares of NextEra Energy stock opened at $82.79 on Wednesday. The stock has a market cap of $170.09 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.92 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10. The business’s 50 day moving average is $81.41 and its 200-day moving average is $75.17.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the company earned $0.88 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

About NextEra Energy

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.