Vectors Research Management LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Vectors Research Management LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,076 shares of the utilities provider’s stock after purchasing an additional 2,761 shares during the quarter. Vectors Research Management LLC’s holdings in NextEra Energy were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Legal & General Group Plc boosted its position in NextEra Energy by 0.7% during the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after acquiring an additional 143,748 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NextEra Energy by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock worth $579,097,000 after purchasing an additional 691,341 shares in the last quarter. Raymond James & Associates increased its position in shares of NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after buying an additional 851,873 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in shares of NextEra Energy by 6.9% in the second quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock valued at $423,568,000 after buying an additional 388,149 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Up 1.4 %

Shares of NYSE NEE opened at $75.28 on Friday. The stock has a market cap of $154.81 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The business has a 50 day simple moving average of $81.70 and a 200 day simple moving average of $77.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is presently 60.95%.

Analyst Ratings Changes

A number of research firms recently commented on NEE. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Scotiabank lifted 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. Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Guggenheim upped their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $86.54.

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.