Cerity Partners LLC Has $106.60 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Cerity Partners LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 19.7% in the third quarter, HoldingsChannel reports. The firm owned 1,261,124 shares of the utilities provider’s stock after buying an additional 207,213 shares during the quarter. Cerity Partners LLC’s holdings in NextEra Energy were worth $106,603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Border to Coast Pensions Partnership Ltd lifted its stake in shares of NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after buying an additional 26,270 shares in the last quarter. Swiss National Bank increased its holdings in shares of NextEra Energy by 0.4% in the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares during the last quarter. Ancora Advisors LLC lifted its holdings in shares of NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after acquiring an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC grew its position in NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after acquiring an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates increased its stake in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after acquiring an additional 2,163,437 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, the executive vice president now directly owns 15,792 shares in the company, 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 SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Down 1.1 %

Shares of NEE stock opened at $76.00 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a 50 day simple moving average of $80.90 and a two-hundred day simple moving average of $77.67. The stock has a market cap of $156.29 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.79 and a beta of 0.57. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm posted $0.94 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm 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 $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. NextEra Energy’s payout ratio is currently 60.95%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NEE shares. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average price target of $86.85.

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.