Pacer Advisors Inc. Boosts Holdings in NextEra Energy, Inc. $NEE

Pacer Advisors Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,671 shares of the utilities provider’s stock after buying an additional 28,297 shares during the period. Pacer Advisors Inc.’s holdings in NextEra Energy were worth $14,620,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NEE. Brighton Jones LLC grew its holdings in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of 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 acquiring an additional 298 shares during the period. WPG Advisers LLC purchased a new stake in NextEra Energy in the 1st quarter worth approximately $44,000. GKV Capital Management Co. Inc. purchased a new stake in NextEra Energy in the 1st quarter worth approximately $117,000. Finally, Vident Advisory LLC raised its stake in NextEra Energy by 43.3% during the 1st quarter. Vident Advisory LLC now owns 73,325 shares of the utilities provider’s stock worth $5,198,000 after acquiring an additional 22,145 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 0.0%

Shares of NEE stock opened at $80.48 on Friday. The company’s fifty day simple moving average is $82.96 and its two-hundred day simple moving average is $77.30. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The stock has a market cap of $167.62 billion, a P/E ratio of 25.63, a PEG ratio of 2.70 and a beta of 0.74. 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 (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio is 72.29%.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Wolfe Research raised their price target on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Citigroup restated a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, HSBC upped their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.56.

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.