Capital Investment Advisors LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Capital Investment Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 62,400 shares of the utilities provider’s stock after purchasing an additional 951 shares during the period. Capital Investment Advisors LLC’s holdings in NextEra Energy were worth $4,473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. GHP Investment Advisors Inc. boosted its holdings in NextEra Energy by 219.1% in the second quarter. GHP Investment Advisors Inc. now owns 686 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 471 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in NextEra Energy by 44.0% in the second quarter. Thoroughbred Financial Services LLC now owns 13,266 shares of the utilities provider’s stock valued at $939,000 after purchasing an additional 4,051 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in NextEra Energy by 1,925.1% during the 2nd quarter. William Blair Investment Management LLC now owns 347,876 shares of the utilities provider’s stock worth $24,633,000 after buying an additional 330,698 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in NextEra Energy by 5.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,893 shares of the utilities provider’s stock worth $276,000 after buying an additional 200 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in NextEra Energy by 262.2% during the 2nd quarter. Plato Investment Management Ltd now owns 920 shares of the utilities provider’s stock worth $65,000 after buying an additional 666 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Down 0.8 %

NEE opened at $66.85 on Tuesday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market cap of $137.47 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.66 and a beta of 0.58. The stock’s 50 day moving average price is $74.00 and its 200 day moving average price is $77.28.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the firm earned $0.94 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.08%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Analysts Set New Price Targets

A number of research firms have commented on NEE. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.15.

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.