NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Synergy Financial Group LTD

Synergy Financial Group LTD boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the third quarter, Holdings Channel reports. The fund owned 5,978 shares of the utilities provider’s stock after purchasing an additional 307 shares during the period. Synergy Financial Group LTD’s holdings in NextEra Energy were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Proffitt & Goodson Inc. lifted its position in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares in the last quarter. Reston Wealth Management LLC acquired a new position in NextEra Energy during the third quarter worth $27,000. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the second quarter worth $33,000. Finally, Quarry LP acquired a new stake in NextEra Energy in the third quarter valued at $33,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. BMO Capital Markets upped 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. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Finally, Scotiabank increased their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $86.85.

NextEra Energy Stock Down 0.7 %

Shares of NYSE NEE opened at $74.70 on Tuesday. The stock has a fifty day moving average price of $79.30 and a 200 day moving average price of $77.84. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market cap of $153.61 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.72 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business 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 company posted $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

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.