Hilltop Holdings Inc. Buys 93,518 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hilltop Holdings Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 499.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,235 shares of the utilities provider’s stock after purchasing an additional 93,518 shares during the quarter. NextEra Energy accounts for about 0.6% of Hilltop Holdings Inc.’s holdings, making the stock its 27th biggest holding. Hilltop Holdings Inc.’s holdings in NextEra Energy were worth $9,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hollow Brook Wealth Management LLC bought a new position in NextEra Energy in the third quarter valued at $335,000. Garden State Investment Advisory Services LLC boosted its stake in NextEra Energy by 10.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 5,750 shares of the utilities provider’s stock worth $487,000 after buying an additional 529 shares in the last quarter. Coastwise Capital Group LLC grew its position in NextEra Energy by 2.8% during the third quarter. Coastwise Capital Group LLC now owns 6,071 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 167 shares during the last quarter. Community Bank N.A. grew its holdings in shares of NextEra Energy by 1.4% during the 3rd quarter. Community Bank N.A. now owns 55,543 shares of the utilities provider’s stock valued at $4,695,000 after purchasing an additional 740 shares during the last quarter. Finally, Ascent Group LLC increased its holdings in shares of NextEra Energy by 43.5% in the third quarter. Ascent Group LLC now owns 51,354 shares of the utilities provider’s stock worth $4,341,000 after buying an additional 15,568 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s 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 directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average target price of $86.85.

NextEra Energy Stock Up 0.0 %

NYSE:NEE opened at $78.70 on Monday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market capitalization of $161.84 billion, a PE ratio of 23.28, a P/E/G ratio of 2.84 and a beta of 0.57. The firm’s 50-day moving average price is $80.32 and its 200-day moving average price is $77.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last released its earnings results 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. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the business earned $0.94 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company 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 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

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.