HBW Advisory Services LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

HBW Advisory Services LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, Holdings Channel reports. The institutional investor acquired 9,249 shares of the utilities provider’s stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Private Client Services LLC bought a new position in shares of NextEra Energy in the third quarter worth about $271,000. CJM Wealth Advisers Ltd. raised its stake in shares of NextEra Energy by 4.2% during the third quarter. CJM Wealth Advisers Ltd. now owns 4,461 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 180 shares in the last quarter. Apella Capital LLC boosted its holdings in shares of NextEra Energy by 27.3% in the third quarter. Apella Capital LLC now owns 4,528 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 970 shares during the period. Delta Financial Group Inc. increased its holdings in NextEra Energy by 3.1% during the 3rd quarter. Delta Financial Group Inc. now owns 9,442 shares of the utilities provider’s stock worth $798,000 after purchasing an additional 285 shares during the period. Finally, Johnson & White Wealth Management LLC raised its position in NextEra Energy by 8.2% during the 3rd quarter. Johnson & White Wealth Management LLC now owns 9,007 shares of the utilities provider’s stock valued at $761,000 after purchasing an additional 685 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $1.20 on Friday, reaching $83.85. 8,341,913 shares of the stock were exchanged, compared to its average volume of 10,873,457. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $86.10. The business has a 50 day moving average price of $80.74 and a two-hundred day moving average price of $74.07. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $172.27 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 3.08 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business posted $0.88 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.46%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Barclays raised their price objective on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $83.07.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

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.