Castle Rock Wealth Management LLC Acquires 767 Shares of NextEra Energy, Inc. (NYSE:NEE)

Castle Rock Wealth Management LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,842 shares of the utilities provider’s stock after purchasing an additional 767 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in NextEra Energy were worth $588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sageworth Trust Co lifted its position in shares of NextEra Energy by 1,794.1% during the first 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 stake in shares of NextEra Energy during the first quarter worth $31,000. Magellan Asset Management Ltd bought a new stake in shares of NextEra Energy during the first quarter worth $32,000. Ahrens Investment Partners LLC bought a new stake in shares of NextEra Energy during the first quarter worth $35,000. Finally, Portland Hill Asset Management Ltd bought a new stake in shares of NextEra Energy during the fourth quarter worth $39,000. 76.48% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $68.64 on Friday. The company has a market capitalization of $138.91 billion, a PE ratio of 16.99, a P/E/G ratio of 2.63 and a beta of 0.47. NextEra Energy, Inc. has a one year low of $65.36 and a one year high of $88.61. The company has a 50-day simple moving average of $69.78 and a two-hundred day simple moving average of $73.40. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.45 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same quarter last year, the company earned $0.81 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.11 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, August 30th were paid a $0.4675 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a yield of 2.72%. NextEra Energy’s dividend payout ratio is currently 46.29%.

Analyst Ratings Changes

Several analysts recently weighed in on NEE shares. Morgan Stanley decreased their price objective on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. The Goldman Sachs Group started coverage on NextEra Energy in a report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 price objective for the company. Royal Bank of Canada decreased their price objective on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. StockNews.com started coverage on NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Guggenheim decreased their price objective on NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $87.90.

Insider Activity at NextEra Energy

In related news, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Lawrence Camaren purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $542,800. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.

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, 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.