ST Germain D J Co. Inc. Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

ST Germain D J Co. Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,310 shares of the utilities provider’s stock after purchasing an additional 4,086 shares during the quarter. ST Germain D J Co. Inc.’s holdings in NextEra Energy were worth $13,720,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Wedmont Private Capital boosted its position in NextEra Energy by 5.5% in the first quarter. Wedmont Private Capital now owns 9,452 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 494 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in NextEra Energy during the first quarter valued at approximately $210,000. RFG Advisory LLC raised its position in NextEra Energy by 104.3% in the first quarter. RFG Advisory LLC now owns 54,889 shares of the utilities provider’s stock worth $3,508,000 after acquiring an additional 28,020 shares during the period. MJP Associates Inc. ADV purchased a new position in shares of NextEra Energy during the 1st quarter worth $302,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $346,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE traded up $0.60 during trading hours on Friday, reaching $84.38. The stock had a trading volume of 8,595,305 shares, compared to its average volume of 10,786,079. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a market capitalization of $173.36 billion, a PE ratio of 22.98, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. The company has a 50 day moving average price of $81.81 and a two-hundred day moving average price of $75.44.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s payout ratio is 56.13%.

Insider Buying and Selling

In other 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 owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NEE shares. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday. 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 boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Citigroup lifted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $83.64.

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.