Berry Wealth Group LP Acquires 4,733 Shares of NextEra Energy, Inc. (NYSE:NEE)

Berry Wealth Group LP grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 34.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,319 shares of the utilities provider’s stock after purchasing an additional 4,733 shares during the period. NextEra Energy makes up about 1.1% of Berry Wealth Group LP’s portfolio, making the stock its 28th biggest position. Berry Wealth Group LP’s holdings in NextEra Energy were worth $1,548,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Effects LLC boosted its stake in NextEra Energy by 2.1% in the third quarter. Wealth Effects LLC now owns 14,584 shares of the utilities provider’s stock valued at $1,233,000 after buying an additional 302 shares in the last quarter. Castleview Partners LLC boosted its stake in shares of NextEra Energy by 51.1% in the 3rd quarter. Castleview Partners LLC now owns 21,722 shares of the utilities provider’s stock valued at $1,836,000 after purchasing an additional 7,343 shares in the last quarter. Violich Capital Management Inc. boosted its stake in shares of NextEra Energy by 2.1% in the 3rd quarter. Violich Capital Management Inc. now owns 54,700 shares of the utilities provider’s stock valued at $4,624,000 after purchasing an additional 1,100 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of NextEra Energy by 8.5% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 110,682 shares of the utilities provider’s stock valued at $9,356,000 after purchasing an additional 8,661 shares during the last quarter. Finally, Cedrus LLC increased its position in NextEra Energy by 20.9% during the 3rd quarter. Cedrus LLC now owns 4,686 shares of the utilities provider’s stock worth $396,000 after purchasing an additional 810 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.6 %

Shares of NYSE:NEE traded down $0.47 during trading on Monday, reaching $83.91. The stock had a trading volume of 2,334,598 shares, compared to its average volume of 10,747,026. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The firm’s fifty day moving average is $81.81 and its 200 day moving average is $75.61. The stock has a market cap of $172.40 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company posted $0.88 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.46%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NEE shares. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Morgan Stanley boosted their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Scotiabank raised their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.46.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.