Revolve Wealth Partners LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Revolve Wealth Partners LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the third quarter, Holdings Channel.com reports. The fund owned 4,556 shares of the utilities provider’s stock after purchasing an additional 186 shares during the quarter. Revolve Wealth Partners LLC’s holdings in NextEra Energy were worth $385,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Veracity Capital LLC boosted its holdings in NextEra Energy by 2.0% in the third quarter. Veracity Capital LLC now owns 7,548 shares of the utilities provider’s stock worth $638,000 after acquiring an additional 150 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its holdings in shares of NextEra Energy by 2.4% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 14,497 shares of the utilities provider’s stock worth $1,225,000 after acquiring an additional 335 shares during the period. Alta Wealth Advisors LLC increased its position in shares of NextEra Energy by 1.2% during the 3rd quarter. Alta Wealth Advisors LLC now owns 13,957 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 166 shares during the last quarter. Everett Harris & Co. CA raised its holdings in shares of NextEra Energy by 1.6% in the 3rd quarter. Everett Harris & Co. CA now owns 124,334 shares of the utilities provider’s stock valued at $10,510,000 after buying an additional 2,000 shares during the period. Finally, Northside Capital Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at $210,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NEE shares. Morgan Stanley boosted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Citigroup upped their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Scotiabank upped their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.64.

NextEra Energy Price Performance

NEE opened at $84.38 on Friday. The company has a 50 day moving average of $81.81 and a two-hundred day moving average of $75.52. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market cap of $173.36 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the business posted $0.88 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 2.44%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on 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 owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Company 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.