NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,959 shares of the utilities provider’s stock after acquiring an additional 382 shares during the period. Consolidated Portfolio Review Corp’s holdings in NextEra Energy were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEE. PFG Investments LLC lifted its holdings in shares of NextEra Energy by 2.4% in the 3rd quarter. PFG Investments LLC now owns 58,946 shares of the utilities provider’s stock worth $4,983,000 after purchasing an additional 1,393 shares during the last quarter. Pathway Financial Advisers LLC increased its position in NextEra Energy by 6.8% in the third quarter. Pathway Financial Advisers LLC now owns 12,551 shares of the utilities provider’s stock worth $1,061,000 after buying an additional 796 shares during the period. Arkadios Wealth Advisors lifted its stake in NextEra Energy by 29.5% in the third quarter. Arkadios Wealth Advisors now owns 22,834 shares of the utilities provider’s stock valued at $1,930,000 after buying an additional 5,196 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in NextEra Energy by 172.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 41,333 shares of the utilities provider’s stock valued at $3,494,000 after buying an additional 26,139 shares during the last quarter. Finally, Forsta AP Fonden boosted its holdings in shares of NextEra Energy by 8.5% during the third quarter. Forsta AP Fonden now owns 513,100 shares of the utilities provider’s stock valued at $43,372,000 after acquiring an additional 40,200 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEE. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy Trading Down 1.7 %

Shares of NextEra Energy stock opened at $81.43 on Friday. The business has a fifty day simple moving average of $82.36 and a 200-day simple moving average of $76.20. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The firm has a market cap of $167.37 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the business earned $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS 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. 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 2.53%. NextEra Energy’s dividend payout ratio (DPR) is 66.88%.

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.