NextEra Energy, Inc. (NYSE:NEE) Stock Position Lifted by Pictet North America Advisors SA

Pictet North America Advisors SA lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,250 shares of the utilities provider’s stock after acquiring an additional 923 shares during the period. Pictet North America Advisors SA’s holdings in NextEra Energy were worth $951,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NEE. Sound Income Strategies LLC boosted its position in shares of NextEra Energy by 1.1% during the first quarter. Sound Income Strategies LLC now owns 26,366 shares of the utilities provider’s stock worth $1,685,000 after buying an additional 279 shares during the period. Brookstone Capital Management increased its stake in NextEra Energy by 19.8% during the 1st quarter. Brookstone Capital Management now owns 71,152 shares of the utilities provider’s stock valued at $4,547,000 after buying an additional 11,777 shares during the period. Sovereign Financial Group Inc. raised its position in shares of NextEra Energy by 8.4% during the 1st quarter. Sovereign Financial Group Inc. now owns 9,548 shares of the utilities provider’s stock worth $610,000 after buying an additional 741 shares in the last quarter. GoalVest Advisory LLC lifted its stake in shares of NextEra Energy by 578.0% in the 1st quarter. GoalVest Advisory LLC now owns 11,078 shares of the utilities provider’s stock worth $708,000 after acquiring an additional 9,444 shares during the period. Finally, Key Client Fiduciary Advisors LLC increased its stake in shares of NextEra Energy by 11.5% during the first quarter. Key Client Fiduciary Advisors LLC now owns 9,719 shares of the utilities provider’s stock valued at $621,000 after acquiring an additional 1,006 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.4 %

NEE stock opened at $83.70 on Wednesday. NextEra Energy, Inc. has a 1-year low of $50.95 and a 1-year high of $86.10. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $82.05 and its 200-day moving average is $75.89. The firm has a market cap of $171.95 billion, a P/E ratio of 22.81, a P/E/G 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, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the company earned $0.88 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.46%. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NEE. BMO Capital Markets lifted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley upped their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus price target of $85.46.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This trade 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. 0.18% of the stock is owned by corporate insiders.

About NextEra Energy

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.