Saxon Interests Inc. Buys Shares of 3,581 NextEra Energy, Inc. (NYSE:NEE)

Saxon Interests Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,581 shares of the utilities provider’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. lifted its stake 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 worth $26,000 after buying an additional 225 shares during the period. Proffitt & Goodson Inc. increased its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the second quarter valued at $33,000. American Capital Advisory LLC increased its holdings in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth about $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.5 %

NYSE:NEE traded down $0.40 on Wednesday, hitting $80.10. The stock had a trading volume of 2,773,947 shares, compared to its average volume of 10,833,580. 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 stock has a market cap of $164.57 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 3.08 and a beta of 0.56. The company has a fifty day moving average price of $80.98 and a two-hundred day moving average price of $74.51. NextEra Energy, Inc. has a 1-year low of $49.52 and a 1-year high of $86.10.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.57%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Royal Bank of Canada boosted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Finally, Barclays boosted their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average price target of $83.07.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.