NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 33.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,608 shares of the utilities provider’s stock after buying an additional 6,698 shares during the quarter. CreativeOne Wealth LLC’s holdings in NextEra Energy were worth $2,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in NextEra Energy during the 3rd quarter worth approximately $477,000. Glenmede Trust Co. NA grew its position in NextEra Energy by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,072,106 shares of the utilities provider’s stock worth $90,625,000 after purchasing an additional 30,590 shares in the last quarter. Townsquare Capital LLC grew its position in NextEra Energy by 37.4% during the 3rd quarter. Townsquare Capital LLC now owns 46,646 shares of the utilities provider’s stock worth $3,943,000 after purchasing an additional 12,689 shares in the last quarter. Baldwin Investment Management LLC grew its position in NextEra Energy by 0.9% during the 3rd quarter. Baldwin Investment Management LLC now owns 35,357 shares of the utilities provider’s stock worth $2,989,000 after purchasing an additional 317 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in NextEra Energy by 19.0% during the 3rd quarter. Brooklyn Investment Group now owns 19,425 shares of the utilities provider’s stock worth $1,642,000 after purchasing an additional 3,099 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on NEE. Scotiabank lifted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Barclays lifted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Stock Up 1.3 %

NEE stock opened at $78.52 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a 50-day moving average of $80.40 and a two-hundred day moving average of $77.80. The stock has a market capitalization of $161.47 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.77 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 2.62%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Activity

In other 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 transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

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.