Novare Capital Management LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Novare Capital Management LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,287 shares of the utilities provider’s stock after acquiring an additional 636 shares during the quarter. Novare Capital Management LLC’s holdings in NextEra Energy were worth $9,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NEE. Intech Investment Management LLC increased its position in NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares during the last quarter. Ancora Advisors LLC increased its position in NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after buying an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC increased its position in NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after buying an additional 66,982 shares during the last quarter. Raymond James & Associates increased its position in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after buying an additional 2,163,437 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in NextEra Energy by 44.8% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 34,078 shares of the utilities provider’s stock worth $2,413,000 after buying an additional 10,538 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Wells Fargo & Company lifted their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. BMO Capital Markets lifted their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Scotiabank lifted their price target on 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, Morgan Stanley lifted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.07.

NextEra Energy Price Performance

NEE stock traded up $1.05 during mid-day trading on Monday, hitting $82.91. 1,607,308 shares of the stock were exchanged, compared to its average volume of 10,790,248. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The business has a fifty day moving average price of $81.17 and a 200 day moving average price of $74.90. NextEra Energy, Inc. has a 12 month low of $50.95 and a 12 month high of $86.10. The stock has a market capitalization of $170.34 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

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

Insider Transactions at NextEra Energy

In other 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 transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.