2,055 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by FSA Wealth Management LLC

FSA Wealth Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,055 shares of the utilities provider’s stock, valued at approximately $174,000.

Other hedge funds also recently bought and sold shares of the company. Marcum Wealth LLC grew its stake in shares of NextEra Energy by 4.4% in the second quarter. Marcum Wealth LLC now owns 10,105 shares of the utilities provider’s stock valued at $716,000 after buying an additional 424 shares in the last quarter. Quent Capital LLC increased its stake in NextEra Energy by 11.6% during the second quarter. Quent Capital LLC now owns 5,594 shares of the utilities provider’s stock worth $396,000 after purchasing an additional 580 shares during the period. Trust Co. of Toledo NA OH lifted its position in shares of NextEra Energy by 4.9% during the second quarter. Trust Co. of Toledo NA OH now owns 65,754 shares of the utilities provider’s stock worth $4,656,000 after purchasing an additional 3,082 shares in the last quarter. Adirondack Trust Co. boosted its stake in shares of NextEra Energy by 0.8% in the second quarter. Adirondack Trust Co. now owns 27,806 shares of the utilities provider’s stock valued at $1,969,000 after purchasing an additional 214 shares during the period. Finally, Trust Co. of Vermont grew its holdings in shares of NextEra Energy by 5.8% in the second quarter. Trust Co. of Vermont now owns 355,001 shares of the utilities provider’s stock valued at $25,138,000 after purchasing an additional 19,363 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. 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 research note on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.85.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $78.67 on Friday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a market capitalization of $161.78 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.84 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company’s fifty day moving average price is $80.32 and its 200 day moving average price is $77.85.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

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.