NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 16.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,927 shares of the utilities provider’s stock after buying an additional 15,703 shares during the period. Farmers & Merchants Investments Inc.’s holdings in NextEra Energy were worth $9,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in shares of NextEra Energy by 6.9% in the third quarter. Fortitude Family Office LLC now owns 5,273 shares of the utilities provider’s stock valued at $446,000 after buying an additional 339 shares in the last quarter. Worth Financial Advisory Group LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at about $201,000. Hunter Associates Investment Management LLC increased its holdings in shares of NextEra Energy by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 14,258 shares of the utilities provider’s stock valued at $1,205,000 after purchasing an additional 152 shares in the last quarter. Orrstown Financial Services Inc. acquired a new stake in shares of NextEra Energy in the third quarter valued at about $230,000. Finally, Old Port Advisors purchased a new stake in NextEra Energy during the third quarter worth about $223,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 3.1 %

NEE stock traded down $2.58 during midday trading on Tuesday, hitting $80.29. 4,303,233 shares of the company’s stock were exchanged, compared to its average volume of 10,692,909. The stock has a market capitalization of $164.96 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. 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 50 day moving average price of $82.43 and a 200-day moving average price of $76.41. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Scotiabank upped their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average price target of $86.54.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 in the company, valued at $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

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.