BKM Wealth Management LLC Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

BKM Wealth Management LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,333 shares of the utilities provider’s stock after buying an additional 2,949 shares during the period. BKM Wealth Management LLC’s holdings in NextEra Energy were worth $1,719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&G Plc bought a new position in shares of NextEra Energy in the first quarter valued at approximately $303,065,000. International Assets Investment Management LLC boosted its holdings in NextEra Energy by 8,641.5% in the 3rd 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 during the period. Zimmer Partners LP lifted its position in NextEra Energy by 8,447.5% in the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in NextEra Energy by 4,058.2% in 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 buying an additional 2,309,876 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in NextEra Energy by 400.7% during the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after acquiring an additional 2,250,500 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $81.43 on Friday. The firm has a market cap of $167.30 billion, a P/E ratio of 22.19, a PEG ratio of 2.92 and a beta of 0.56. The company has a 50 day moving average of $82.36 and a 200 day moving average of $76.12. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. 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 (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent research reports. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Guggenheim boosted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently 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.