Signet Investment Advisory Group Inc. Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Signet Investment Advisory Group Inc. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,857 shares of the utilities provider’s stock after buying an additional 1,223 shares during the quarter. NextEra Energy makes up 2.4% of Signet Investment Advisory Group Inc.’s investment portfolio, making the stock its 11th largest position. Signet Investment Advisory Group Inc.’s holdings in NextEra Energy were worth $4,806,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NEE. Cromwell Holdings LLC acquired a new stake in NextEra Energy in the 3rd quarter worth about $425,000. Sigma Investment Counselors Inc. increased its stake in shares of NextEra Energy by 1.2% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 60,723 shares of the utilities provider’s stock valued at $5,133,000 after acquiring an additional 695 shares during the last quarter. Trueblood Wealth Management LLC lifted its holdings in shares of NextEra Energy by 0.9% during the 3rd quarter. Trueblood Wealth Management LLC now owns 15,155 shares of the utilities provider’s stock worth $1,281,000 after acquiring an additional 141 shares during the period. Ballentine Partners LLC boosted its position in shares of NextEra Energy by 8.4% in the third quarter. Ballentine Partners LLC now owns 44,092 shares of the utilities provider’s stock worth $3,727,000 after acquiring an additional 3,407 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in NextEra Energy by 333.1% in the third quarter. Silver Oak Securities Incorporated now owns 6,198 shares of the utilities provider’s stock valued at $524,000 after purchasing an additional 4,767 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $81.43 on Friday. 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 firm’s fifty day moving average price is $82.36 and its 200 day moving average price is $76.12. The company has a market capitalization of $167.30 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Transactions at NextEra Energy

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 transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley boosted 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. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.54.

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.