Asset Advisors Investment Management LLC Has $3.31 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Asset Advisors Investment Management LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,152 shares of the utilities provider’s stock after buying an additional 2,116 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in NextEra Energy were worth $3,310,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEE. Lantz Financial LLC boosted its position in shares of NextEra Energy by 16.0% during the 2nd quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider’s stock worth $924,000 after acquiring an additional 1,795 shares in the last quarter. Swedbank AB boosted its holdings in shares of NextEra Energy by 53.2% in the 2nd quarter. Swedbank AB now owns 496,886 shares of the utilities provider’s stock valued at $35,184,000 after purchasing an additional 172,640 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of NextEra Energy in the 2nd quarter valued at $128,000. Blue Trust Inc. lifted its position in shares of NextEra Energy by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 25,913 shares of the utilities provider’s stock worth $1,835,000 after buying an additional 4,196 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in NextEra Energy by 6.5% in the second quarter. Brookstone Capital Management now owns 75,754 shares of the utilities provider’s stock valued at $5,371,000 after buying an additional 4,602 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Bank of America upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.15.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 completion of the sale, the executive vice president now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Down 1.0 %

Shares of NEE stock opened at $73.22 on Friday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a market cap of $150.57 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.67 and a beta of 0.56. The stock has a 50-day moving average of $78.61 and a 200-day moving average of $77.76.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.81%. NextEra Energy’s dividend payout ratio is currently 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.