2,770 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by 49 Wealth Management LLC

49 Wealth Management LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,770 shares of the utilities provider’s stock, valued at approximately $234,000.

A number of other hedge funds also recently added to or reduced their stakes in NEE. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter valued at about $27,000. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the third quarter valued at about $39,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 1.1 %

Shares of NYSE:NEE opened at $76.00 on Friday. 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 $156.29 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. 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 business’s 50 day moving average price is $80.90 and its 200-day moving average price is $77.67.

NextEra Energy (NYSE:NEE) last announced its earnings results 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 return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. NextEra Energy’s payout ratio is currently 60.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEE. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. 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 report on Tuesday, September 3rd. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was 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 in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Company 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.