Daymark Wealth Partners LLC Buys 4,352 Shares of NextEra Energy, Inc. (NYSE:NEE)

Daymark Wealth Partners LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 43,183 shares of the utilities provider’s stock after acquiring an additional 4,352 shares during the quarter. Daymark Wealth Partners LLC’s holdings in NextEra Energy were worth $3,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Intech Investment Management LLC lifted its holdings in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Ancora Advisors LLC boosted its position in NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after acquiring an additional 7,677 shares during the last quarter. Raymond James & Associates boosted its position in NextEra Energy by 57.0% during the 2nd 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 during the last quarter. Holderness Investments Co. grew its stake in shares of NextEra Energy by 139.0% during the 4th quarter. Holderness Investments Co. now owns 11,376 shares of the utilities provider’s stock worth $691,000 after acquiring an additional 6,617 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its holdings in shares of NextEra Energy by 8.5% in the fourth quarter. State of Tennessee Treasury Department now owns 742,361 shares of the utilities provider’s stock valued at $45,091,000 after purchasing an additional 57,910 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was 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 approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Morgan Stanley increased their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays lifted their target price on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Evercore ISI increased their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $82.07.

NextEra Energy Price Performance

Shares of NEE opened at $83.47 on Friday. The company’s 50-day moving average is $79.13 and its 200-day moving average is $72.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a market capitalization of $171.49 billion, a PE ratio of 22.74, a PEG ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $85.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the prior year, the firm earned $0.88 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.47%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.