Fiduciary Alliance LLC Increases Stock Holdings in NextEra Energy, Inc. $NEE

Fiduciary Alliance LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,571 shares of the utilities provider’s stock after buying an additional 8,648 shares during the quarter. Fiduciary Alliance LLC’s holdings in NextEra Energy were worth $9,630,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 1.5% in the first quarter. Legacy Financial Advisors Inc. now owns 11,363 shares of the utilities provider’s stock worth $806,000 after acquiring an additional 173 shares during the last quarter. Erste Asset Management GmbH raised its holdings in shares of NextEra Energy by 65.9% in the first quarter. Erste Asset Management GmbH now owns 320,197 shares of the utilities provider’s stock worth $22,723,000 after acquiring an additional 127,217 shares during the last quarter. Finally, Tradition Wealth Management LLC lifted its position in shares of NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 157,322 shares of company stock valued at $13,148,943. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Trading Down 1.2%

Shares of NEE stock opened at $80.33 on Thursday. The firm’s 50-day simple moving average is $83.56 and its 200-day simple moving average is $76.86. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The firm has a market cap of $167.29 billion, a P/E ratio of 25.58, a PEG ratio of 2.73 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 72.29%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent research reports. Mizuho lifted their price objective on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Wolfe Research raised their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. UBS Group set a $91.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Wednesday. Argus set a $90.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Citigroup restated a “buy” rating and set a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

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.