Park Avenue Securities LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Park Avenue Securities LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 145,522 shares of the utilities provider’s stock after purchasing an additional 9,707 shares during the quarter. Park Avenue Securities LLC’s holdings in NextEra Energy were worth $10,432,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Kathmere Capital Management LLC increased its holdings in shares of NextEra Energy by 10.6% in the fourth quarter. Kathmere Capital Management LLC now owns 5,618 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 538 shares during the period. SS&H Financial Advisors Inc. increased its stake in NextEra Energy by 0.8% in the 4th quarter. SS&H Financial Advisors Inc. now owns 28,093 shares of the utilities provider’s stock worth $2,015,000 after acquiring an additional 212 shares during the last quarter. Rockland Trust Co. raised its holdings in shares of NextEra Energy by 1.0% in the 4th quarter. Rockland Trust Co. now owns 332,952 shares of the utilities provider’s stock valued at $23,869,000 after acquiring an additional 3,394 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of NextEra Energy by 15.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 61,666 shares of the utilities provider’s stock valued at $4,421,000 after acquiring an additional 8,320 shares during the last quarter. Finally, CCLA Investment Management increased its position in shares of NextEra Energy by 5.0% in the fourth quarter. CCLA Investment Management now owns 1,300,285 shares of the utilities provider’s stock worth $93,230,000 after purchasing an additional 62,108 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 1.5 %

NYSE:NEE opened at $67.98 on Wednesday. The firm has a market capitalization of $139.79 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a fifty day moving average of $73.79 and a 200 day moving average of $77.26. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Analyst Ratings Changes

A number of equities analysts have commented on NEE shares. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Finally, Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $87.15.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated 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 owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.