Sugarloaf Wealth Management LLC Has $171,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Sugarloaf Wealth Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,298 shares of the utilities provider’s stock after purchasing an additional 205 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in NextEra Energy were worth $171,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sageworth Trust Co increased its position in shares of NextEra Energy by 1,794.1% during the 1st quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 305 shares during the last quarter. Your Advocates Ltd. LLP bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $31,000. Magellan Asset Management Ltd bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $32,000. Ahrens Investment Partners LLC bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $35,000. Finally, Portland Hill Asset Management Ltd bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, Director Kirk S. Hachigian purchased 10,000 shares of NextEra Energy stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other NextEra Energy news, Director Kirk S. Hachigian bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $1,019,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Lawrence Camaren bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the transaction, the director now owns 8,000 shares in the company, valued at $542,800. The disclosure for this purchase can be found here. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE traded down $0.49 on Tuesday, reaching $67.75. The stock had a trading volume of 3,826,647 shares, compared to its average volume of 8,187,520. NextEra Energy, Inc. has a fifty-two week low of $65.36 and a fifty-two week high of $88.61. The firm has a 50-day moving average of $69.78 and a 200-day moving average of $73.42. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $137.11 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.12 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were given a $0.4675 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.76%. NextEra Energy’s dividend payout ratio (DPR) is presently 46.29%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Guggenheim reduced their target price on NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7th. JPMorgan Chase & Co. cut their target price on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. Morgan Stanley lowered their price target on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Royal Bank of Canada lowered their price target on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Finally, The Goldman Sachs Group initiated coverage on NextEra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.90.

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, coal, and natural gas facilities. 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.