Romano Brothers AND Company Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Romano Brothers AND Company grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the third quarter, Holdings Channel reports. The firm owned 39,901 shares of the utilities provider’s stock after purchasing an additional 301 shares during the period. Romano Brothers AND Company’s holdings in NextEra Energy were worth $3,373,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC boosted its position in shares of NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after acquiring an additional 26,382 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after purchasing an additional 26,270 shares during the last quarter. Ancora Advisors LLC grew its stake in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after buying an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC increased its holdings in shares of NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after buying an additional 66,982 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after buying an additional 2,163,437 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $84.96 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market cap of $174.55 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $53.11 and a 1-year high of $86.10. The firm has a 50-day moving average of $82.19 and a 200-day moving average of $75.96.

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

NextEra Energy Dividend Announcement

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 paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 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 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 completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on NEE shares. Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley lifted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.46.

About NextEra Energy

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.