C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys 872 Shares of NextEra Energy, Inc. (NYSE:NEE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in NextEra Energy, Inc. (NYSE:NEE) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,730 shares of the utilities provider’s stock after purchasing an additional 872 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in NextEra Energy were worth $992,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Hoxton Planning & Management LLC bought a new position in shares of NextEra Energy in the third quarter worth approximately $398,000. Cape ANN Savings Bank raised its holdings in NextEra Energy by 12.4% in the 3rd quarter. Cape ANN Savings Bank now owns 16,800 shares of the utilities provider’s stock worth $1,420,000 after acquiring an additional 1,850 shares during the last quarter. Brookstone Capital Management lifted its position in NextEra Energy by 1.4% in the 3rd quarter. Brookstone Capital Management now owns 76,813 shares of the utilities provider’s stock valued at $6,493,000 after acquiring an additional 1,059 shares in the last quarter. City Holding Co. boosted its stake in NextEra Energy by 2.9% during the 3rd quarter. City Holding Co. now owns 51,344 shares of the utilities provider’s stock valued at $4,340,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC increased its holdings in shares of NextEra Energy by 16.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 3,444 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $80.57 on Thursday. The business’s fifty day moving average is $80.98 and its 200 day moving average is $74.51. NextEra Energy, Inc. has a fifty-two week low of $49.52 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $165.53 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted 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. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the previous year, the firm earned $0.88 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s payout ratio is 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Barclays upped their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Morgan Stanley boosted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Bank of America raised 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $83.07.

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.