NextEra Energy, Inc. (NYSE:NEE) Stock Position Lifted by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,579 shares of the utilities provider’s stock after buying an additional 3,407 shares during the period. Great Valley Advisor Group Inc.’s holdings in NextEra Energy were worth $12,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NEE. Keyes Stange & Wooten Wealth Management LLC grew its position in NextEra Energy by 19.8% in the third quarter. Keyes Stange & Wooten Wealth Management LLC now owns 9,291 shares of the utilities provider’s stock worth $785,000 after acquiring an additional 1,533 shares in the last quarter. GenTrust LLC acquired a new position in NextEra Energy during the third quarter valued at approximately $379,000. Stonebrook Private Inc. lifted its stake in shares of NextEra Energy by 71.4% in the third quarter. Stonebrook Private Inc. now owns 16,288 shares of the utilities provider’s stock worth $1,377,000 after buying an additional 6,787 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of NextEra Energy by 126.3% during the 3rd quarter. Allen Capital Group LLC now owns 10,869 shares of the utilities provider’s stock worth $919,000 after buying an additional 6,067 shares during the period. Finally, Biltmore Family Office LLC raised its holdings in NextEra Energy by 20.6% in the 3rd quarter. Biltmore Family Office LLC now owns 6,820 shares of the utilities provider’s stock worth $576,000 after acquiring an additional 1,165 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Price Performance

NEE stock opened at $76.00 on Friday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average price of $80.90 and a two-hundred day moving average price of $77.67. The stock has a market cap of $156.29 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last issued its 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 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 11.94% and a net margin of 26.49%. The firm’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 company posted $0.94 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm 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 of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently 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,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.