2,969 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Net Worth Advisory Group

Net Worth Advisory Group purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,969 shares of the utilities provider’s stock, valued at approximately $251,000.

A number of other institutional investors also recently modified their holdings of NEE. Stratos Investment Management LLC grew its stake in NextEra Energy by 2.4% in the 3rd quarter. Stratos Investment Management LLC now owns 60,563 shares of the utilities provider’s stock valued at $5,119,000 after buying an additional 1,434 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in NextEra Energy by 3.9% during the third quarter. Stratos Wealth Advisors LLC now owns 18,161 shares of the utilities provider’s stock valued at $1,535,000 after acquiring an additional 678 shares during the period. Intergy Private Wealth LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at about $217,000. Aspiriant LLC increased its stake in shares of NextEra Energy by 21.8% in the third quarter. Aspiriant LLC now owns 9,575 shares of the utilities provider’s stock worth $809,000 after purchasing an additional 1,714 shares during the period. Finally, Trust Point Inc. lifted its position in shares of NextEra Energy by 4.6% during the 3rd quarter. Trust Point Inc. now owns 20,824 shares of the utilities provider’s stock worth $1,760,000 after purchasing an additional 916 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.7 %

Shares of NEE opened at $84.38 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $173.36 billion, a PE ratio of 22.99, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1 year low of $50.95 and a 1 year high of $86.10. The stock has a 50 day simple moving average of $81.81 and a 200-day simple moving average of $75.61.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the company posted $0.88 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Morgan Stanley boosted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Scotiabank increased their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.46.

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.