Great Lakes Retirement Inc. Buys 1,537 Shares of NextEra Energy, Inc. (NYSE:NEE)

Great Lakes Retirement Inc. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,833 shares of the utilities provider’s stock after buying an additional 1,537 shares during the period. Great Lakes Retirement Inc.’s holdings in NextEra Energy were worth $916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Sycomore Asset Management lifted its stake in NextEra Energy by 0.3% in the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock worth $3,473,000 after purchasing an additional 131 shares in the last quarter. BCK Partners Inc. raised its position in shares of NextEra Energy by 3.8% in the second quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after buying an additional 135 shares in the last quarter. Zhang Financial LLC boosted its stake in NextEra Energy by 3.0% during the third quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock valued at $386,000 after buying an additional 135 shares during the period. Foundations Investment Advisors LLC increased its stake in NextEra Energy by 1.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock worth $619,000 after acquiring an additional 138 shares during the last quarter. Finally, Renasant Bank increased its stake in NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after acquiring an additional 142 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 2.5 %

NYSE NEE opened at $82.82 on Friday. The firm has a market cap of $170.16 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The stock has a 50-day moving average of $82.19 and a 200-day moving average of $75.96. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current 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 issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

Several research analysts have recently commented on NEE shares. Citigroup boosted their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Bank of America increased their price target 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. Scotiabank raised their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Barclays upped 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 report on Tuesday, October 1st. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price of $86.38.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.