One Charles Private Wealth Services LLC Acquires Shares of 2,528 NextEra Energy, Inc. (NYSE:NEE)

One Charles Private Wealth Services LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,528 shares of the utilities provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also made changes to their positions in NEE. Ceeto Capital Group LLC increased its position in NextEra Energy by 57.1% during the first quarter. Ceeto Capital Group LLC now owns 11,000 shares of the utilities provider’s stock worth $703,000 after buying an additional 4,000 shares during the period. Talisman Wealth Advisors LLC grew its position in shares of NextEra Energy by 1.3% during the first quarter. Talisman Wealth Advisors LLC now owns 13,940 shares of the utilities provider’s stock worth $891,000 after acquiring an additional 183 shares during the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of NextEra Energy by 97.5% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,544 shares of the utilities provider’s stock valued at $163,000 after acquiring an additional 1,256 shares during the period. Mount Yale Investment Advisors LLC raised its position in NextEra Energy by 2.2% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 141,067 shares of the utilities provider’s stock valued at $9,016,000 after purchasing an additional 3,082 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its stake in NextEra Energy by 12.0% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 790,110 shares of the utilities provider’s stock worth $50,496,000 after purchasing an additional 84,919 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NextEra Energy stock opened at $76.00 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a market cap of $156.29 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. The business has a fifty day moving average of $80.90 and a two-hundred day moving average of $77.67.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.85.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were 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 $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.