Foster Victor Wealth Advisors LLC Purchases 10,431 Shares of NextEra Energy, Inc. $NEE

Foster Victor Wealth Advisors LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 10.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,114 shares of the utilities provider’s stock after buying an additional 10,431 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in NextEra Energy were worth $8,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Corsicana & Co. purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at $1,545,000. Benson Investment Management Company Inc. raised its position in NextEra Energy by 12.8% in the 3rd quarter. Benson Investment Management Company Inc. now owns 79,270 shares of the utilities provider’s stock worth $5,984,000 after purchasing an additional 8,965 shares during the period. Quotient Wealth Partners LLC lifted its stake in NextEra Energy by 2.5% in the third quarter. Quotient Wealth Partners LLC now owns 10,625 shares of the utilities provider’s stock worth $802,000 after purchasing an additional 260 shares during the last quarter. Abound Wealth Management lifted its stake in NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its position in NextEra Energy by 3.0% during the third quarter. Focus Financial Network Inc. now owns 9,636 shares of the utilities provider’s stock valued at $727,000 after buying an additional 279 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 1.6%

NYSE NEE opened at $79.58 on Friday. The stock has a market cap of $165.73 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The stock has a 50 day simple moving average of $83.43 and a two-hundred day simple moving average of $77.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Insider Transactions at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 157,322 shares of company stock valued at $13,148,943. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. New Street Research set a $84.00 price objective on NextEra Energy in a report on Monday, October 13th. BTIG Research restated a “buy” rating and set a $100.00 price target on shares of NextEra Energy in a research report on Tuesday, December 9th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Cowen started coverage on NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, TD Cowen began coverage on shares of NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.