Sargent Investment Group LLC Buys 195 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sargent Investment Group LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,342 shares of the utilities provider’s stock after purchasing an additional 195 shares during the quarter. Sargent Investment Group LLC’s holdings in NextEra Energy were worth $282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Orion Portfolio Solutions LLC grew its stake in shares of NextEra Energy by 34.0% during the first quarter. Orion Portfolio Solutions LLC now owns 115,131 shares of the utilities provider’s stock valued at $7,358,000 after buying an additional 29,189 shares during the last quarter. Trillium Asset Management LLC boosted its holdings in NextEra Energy by 633.5% during the 1st quarter. Trillium Asset Management LLC now owns 49,671 shares of the utilities provider’s stock valued at $3,174,000 after acquiring an additional 42,899 shares during the period. Brighton Jones LLC increased its stake in NextEra Energy by 5.8% in the first quarter. Brighton Jones LLC now owns 29,849 shares of the utilities provider’s stock worth $1,908,000 after purchasing an additional 1,627 shares during the period. Banco Santander S.A. lifted its position in shares of NextEra Energy by 20.4% during the first quarter. Banco Santander S.A. now owns 27,884 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 4,716 shares during the last quarter. Finally, M&G Plc purchased a new stake in shares of NextEra Energy during the first quarter valued at $303,065,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NEE. Morgan Stanley raised their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets lifted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Price Performance

Shares of NEE stock opened at $75.28 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a market capitalization of $154.81 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.68 and a beta of 0.57. The stock’s 50-day simple moving average is $81.70 and its 200-day simple moving average is $77.36.

NextEra Energy (NYSE:NEE) last posted 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 business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.74%. NextEra Energy’s payout ratio is presently 60.95%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.