McKinley Carter Wealth Services Inc. Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

McKinley Carter Wealth Services Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 195.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 30,124 shares of the utilities provider’s stock after buying an additional 19,928 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in NextEra Energy were worth $2,546,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NEE. M&G Plc purchased a new position in NextEra Energy during the first quarter worth about $303,065,000. Zimmer Partners LP lifted its stake in NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after purchasing an additional 2,703,200 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of NextEra Energy by 400.7% in the 1st 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. Raymond James & Associates lifted its stake in shares of NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after acquiring an additional 2,163,437 shares during the last quarter. Finally, LGT Group Foundation lifted its stake in shares of NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after acquiring an additional 1,371,982 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.39 during trading on Wednesday, reaching $83.18. The company had a trading volume of 970,831 shares, compared to its average volume of 10,787,362. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $170.90 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The firm’s 50-day simple moving average is $81.41 and its 200 day simple moving average is $75.17.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter last year, the business posted $0.88 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.48%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Citigroup upped their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Bank of America upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley upped their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.07.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company 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,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.