NextEra Energy, Inc. $NEE Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 35.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,729 shares of the utilities provider’s stock after purchasing an additional 24,891 shares during the quarter. Farther Finance Advisors LLC’s holdings in NextEra Energy were worth $7,151,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Brighton Jones LLC grew its holdings in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC lifted its position 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 worth $348,000 after acquiring an additional 298 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of NextEra Energy by 571.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,526 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 2,150 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NextEra Energy by 2,176.2% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 871,655 shares of the utilities provider’s stock valued at $61,792,000 after purchasing an additional 833,361 shares during the last quarter. Finally, WCG Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the first quarter valued at approximately $809,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Argus set a $90.00 price target on NextEra Energy in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday. Cowen assumed coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Barclays set a $88.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Wolfe Research raised their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.56.

Insiders Place Their Bets

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 157,322 shares of company stock worth $13,148,943. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $79.80 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a 50-day simple moving average of $83.25 and a 200-day simple moving average of $77.16. The company has a market capitalization of $166.19 billion, a PE ratio of 25.41, a P/E/G ratio of 2.69 and a beta of 0.74.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is currently 71.97%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.