NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,391 shares of the utilities provider’s stock after acquiring an additional 170 shares during the period. Garden State Investment Advisory Services LLC’s holdings in NextEra Energy were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. 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 research report on Friday, October 18th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Guggenheim boosted 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. Finally, Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average price target of $87.15.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.2 %

Shares of NYSE:NEE traded down $0.11 during mid-day trading on Friday, hitting $73.11. 813,289 shares of the company traded hands, compared to its average volume of 10,766,495. The firm’s 50 day simple moving average is $78.61 and its 200 day simple moving average is $77.76. The firm has a market cap of $150.34 billion, a P/E ratio of 21.66, a PEG ratio of 2.67 and a beta of 0.56. 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 52-week low of $53.95 and a 52-week high of $86.10.

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, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue 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 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. Shareholders of record on Friday, November 22nd will be paid 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 2.82%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

NextEra Energy 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.