Trueblood Wealth Management LLC Purchases 141 Shares of NextEra Energy, Inc. (NYSE:NEE)

Trueblood Wealth Management LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 15,155 shares of the utilities provider’s stock after buying an additional 141 shares during the quarter. Trueblood Wealth Management LLC’s holdings in NextEra Energy were worth $1,281,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Sycomore Asset Management grew its position in NextEra Energy by 0.3% in the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock worth $3,473,000 after purchasing an additional 131 shares during the period. BCK Partners Inc. grew its position in NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 135 shares during the period. Zhang Financial LLC grew its position in NextEra Energy by 3.0% in the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 135 shares during the period. Foundations Investment Advisors LLC grew its position in NextEra Energy by 1.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock worth $619,000 after purchasing an additional 138 shares during the period. Finally, Renasant Bank grew its position in NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after purchasing an additional 142 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.7 %

Shares of NEE stock opened at $81.43 on Friday. The stock 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. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week 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. The company’s fifty day simple moving average is $82.36 and its two-hundred day simple moving average is $76.12.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. Analysts predict that NextEra Energy, Inc. will post 3.4 EPS 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 given a dividend of $0.515 per share. 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 dividend payout ratio is 56.13%.

Analysts Set New Price Targets

A number of equities research analysts have commented on NEE shares. Barclays lifted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $86.54.

Insider Activity

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 sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.