Garde Capital Inc. Purchases 467 Shares of NextEra Energy, Inc. (NYSE:NEE)

Garde Capital Inc. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,857 shares of the utilities provider’s stock after purchasing an additional 467 shares during the quarter. Garde Capital Inc.’s holdings in NextEra Energy were worth $326,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Lantz Financial LLC grew its position in shares of NextEra Energy by 16.0% during the 2nd quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider’s stock valued at $924,000 after acquiring an additional 1,795 shares during the period. Swedbank AB lifted its position in NextEra Energy by 53.2% during the second quarter. Swedbank AB now owns 496,886 shares of the utilities provider’s stock valued at $35,184,000 after purchasing an additional 172,640 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in NextEra Energy during the second quarter valued at about $128,000. Blue Trust Inc. increased its position in NextEra Energy by 19.3% in the second quarter. Blue Trust Inc. now owns 25,913 shares of the utilities provider’s stock worth $1,835,000 after buying an additional 4,196 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of NextEra Energy by 6.5% in the second quarter. Brookstone Capital Management now owns 75,754 shares of the utilities provider’s stock worth $5,371,000 after buying an additional 4,602 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $73.22 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. The company’s fifty day moving average price is $78.61 and its 200-day moving average price is $77.76. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a market capitalization of $150.57 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The business 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 company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm 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 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 dividend yield of 2.81%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent research reports. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday. Morgan Stanley reduced their price objective 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. Guggenheim lifted their target price 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. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $87.15.

Insider Activity at NextEra Energy

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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.