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

nVerses Capital LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 126.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,800 shares of the utilities provider’s stock after acquiring an additional 6,600 shares during the quarter. nVerses Capital LLC’s holdings in NextEra Energy were worth $997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hengehold Capital Management LLC acquired a new position in NextEra Energy in the third quarter valued at approximately $204,000. Kowal Investment Group LLC purchased a new position in shares of NextEra Energy in the third quarter valued at $228,000. Cornerstone Wealth Management LLC increased its position in shares of NextEra Energy by 26.1% in the third quarter. Cornerstone Wealth Management LLC now owns 19,333 shares of the utilities provider’s stock valued at $1,634,000 after buying an additional 3,998 shares in the last quarter. SPC Financial Inc. increased its position in shares of NextEra Energy by 24.5% in the third quarter. SPC Financial Inc. now owns 12,535 shares of the utilities provider’s stock valued at $1,060,000 after buying an additional 2,464 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of NextEra Energy by 5.2% in the third quarter. Vontobel Holding Ltd. now owns 1,009,186 shares of the utilities provider’s stock valued at $85,306,000 after buying an additional 49,670 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.1 %

NEE stock traded down $0.12 during midday trading on Thursday, hitting $84.27. 1,569,516 shares of the company’s stock were exchanged, compared to its average volume of 10,776,204. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10. The firm has a 50 day moving average price of $81.55 and a 200-day moving average price of $75.23. The stock has a market capitalization of $173.14 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company 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 2.44%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was 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 $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus 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.