RFG Advisory LLC Purchases 11,172 Shares of NextEra Energy, Inc. (NYSE:NEE)

RFG Advisory LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,109 shares of the utilities provider’s stock after purchasing an additional 11,172 shares during the period. RFG Advisory LLC’s holdings in NextEra Energy were worth $5,926,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Howard Capital Management Group LLC raised its position in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. LexAurum Advisors LLC bought a new position in NextEra Energy in the 3rd quarter worth approximately $204,000. DiNuzzo Private Wealth Inc. raised its position in NextEra Energy by 1,332.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 4,140 shares of the utilities provider’s stock worth $350,000 after purchasing an additional 3,851 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in NextEra Energy by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 383,260 shares of the utilities provider’s stock worth $32,397,000 after purchasing an additional 8,932 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its position in NextEra Energy by 21.8% in the 3rd quarter. Harbour Capital Advisors LLC now owns 21,079 shares of the utilities provider’s stock worth $1,699,000 after purchasing an additional 3,771 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.7 %

Shares of NYSE:NEE opened at $83.79 on Friday. The company’s 50-day moving average price is $81.67 and its two-hundred day moving average price is $75.29. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a one year low of $50.95 and a one year high of $86.10. The stock has a market capitalization of $172.15 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the firm posted $0.88 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.46%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Morgan Stanley lifted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Barclays lifted their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Finally, Citigroup lifted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus price target of $83.07.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

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.