Darwin Wealth Management LLC Invests $100,000 in NextEra Energy, Inc. (NYSE:NEE)

Darwin Wealth Management LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,187 shares of the utilities provider’s stock, valued at approximately $100,000.

Several other large investors have also modified their holdings of NEE. International Assets Investment Management LLC lifted its holdings in shares of NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after purchasing an additional 3,817,037 shares in the last quarter. Zimmer Partners LP raised its holdings in shares of NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after acquiring an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Raymond James & Associates raised its holdings in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares in the last quarter. Finally, LGT Group Foundation raised its holdings in shares of NextEra Energy by 962.8% during the second quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock worth $107,240,000 after acquiring an additional 1,371,982 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Down 0.3 %

NEE stock opened at $76.87 on Thursday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a market cap of $158.08 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.76 and a beta of 0.57. The business’s 50 day moving average is $81.20 and its 200-day moving average is $77.64. 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 (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the company posted $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.