L.M. Kohn & Company Has $1.29 Million Position in NextEra Energy, Inc. (NYSE:NEE)

L.M. Kohn & Company grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,208 shares of the utilities provider’s stock after buying an additional 899 shares during the quarter. L.M. Kohn & Company’s holdings in NextEra Energy were worth $1,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Legal & General Group Plc grew its stake in shares of NextEra Energy by 0.7% during the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after buying an additional 86,758 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after buying an additional 452,590 shares during the period. Raymond James & Associates lifted its stake in shares of NextEra Energy by 14.3% during the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in NextEra Energy by 7.2% in the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after acquiring an additional 409,708 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent research reports. Barclays raised 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. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Bank of America increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Jefferies Financial Group assumed 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. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Trading Up 0.2 %

NextEra Energy stock opened at $78.67 on Friday. The company has a market cap of $161.78 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 2.84 and a beta of 0.57. The firm has a 50-day moving average of $80.32 and a 200-day moving average of $77.83. 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 one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly 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. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, equities analysts expect 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. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is 60.95%.

Insiders Place Their Bets

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 value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

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.