Tyche Wealth Partners LLC Purchases 263 Shares of NextEra Energy, Inc. (NYSE:NEE)

Tyche Wealth Partners LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 46,625 shares of the utilities provider’s stock after purchasing an additional 263 shares during the quarter. NextEra Energy accounts for about 0.9% of Tyche Wealth Partners LLC’s portfolio, making the stock its 27th largest position. Tyche Wealth Partners LLC’s holdings in NextEra Energy were worth $3,941,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Proffitt & Goodson Inc. raised its position in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Valley Wealth Managers Inc. bought a new stake in NextEra Energy in the second quarter worth $33,000. Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy during the third quarter valued at about $39,000. Finally, ORG Wealth Partners LLC bought a new position in shares of NextEra Energy during the third quarter valued at about $45,000. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on NEE. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Down 3.1 %

Shares of NYSE NEE traded down $2.55 during midday trading on Tuesday, hitting $80.32. The stock had a trading volume of 7,463,821 shares, compared to its average volume of 10,705,038. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The company has a market cap of $165.02 billion, a P/E ratio of 21.93, a PEG ratio of 3.03 and a beta of 0.56. The business’s 50 day moving average is $82.43 and its 200-day moving average is $76.41. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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 company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS. As a group, analysts predict 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 will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s payout ratio is 56.13%.

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.