Foster Victor Wealth Advisors LLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Foster Victor Wealth Advisors LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,641 shares of the utilities provider’s stock after purchasing an additional 2,868 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in NextEra Energy were worth $6,095,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NEE. Los Angeles Capital Management LLC increased its position in NextEra Energy by 0.6% during the first quarter. Los Angeles Capital Management LLC now owns 301,648 shares of the utilities provider’s stock worth $19,278,000 after purchasing an additional 1,917 shares during the last quarter. GAMMA Investing LLC raised its position in shares of NextEra Energy by 9.9% in the 1st quarter. GAMMA Investing LLC now owns 11,490 shares of the utilities provider’s stock worth $734,000 after buying an additional 1,036 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in NextEra Energy by 43.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 218,661 shares of the utilities provider’s stock valued at $13,975,000 after acquiring an additional 65,961 shares during the last quarter. Farmers Trust Co. boosted its holdings in NextEra Energy by 22.8% in the first quarter. Farmers Trust Co. now owns 107,020 shares of the utilities provider’s stock valued at $6,840,000 after acquiring an additional 19,887 shares during the last quarter. Finally, Osher Van de Voorde Investment Management grew its position in NextEra Energy by 39.8% during the first quarter. Osher Van de Voorde Investment Management now owns 228,445 shares of the utilities provider’s stock valued at $14,600,000 after acquiring an additional 65,031 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on 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 directly owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $82.79 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 1 year low of $50.95 and a 1 year high of $86.10. The firm’s 50-day simple moving average is $81.41 and its 200-day simple moving average is $75.17. The firm has a market cap of $170.09 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company 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 firm earned $0.88 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. BMO Capital Markets lifted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and an average price target of $83.07.

NextEra Energy Company 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.