NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,975 shares of the utilities provider’s stock after acquiring an additional 306 shares during the period. Procyon Advisors LLC’s holdings in NextEra Energy were worth $1,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Paladin Wealth LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $635,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 32,452 shares of the utilities provider’s stock valued at $2,743,000 after acquiring an additional 332 shares in the last quarter. Woodstock Corp raised its position in shares of NextEra Energy by 1.3% during the 3rd quarter. Woodstock Corp now owns 133,943 shares of the utilities provider’s stock valued at $11,322,000 after acquiring an additional 1,749 shares in the last quarter. Stonekeep Investments LLC raised its position in shares of NextEra Energy by 17.4% during the 3rd quarter. Stonekeep Investments LLC now owns 4,532 shares of the utilities provider’s stock valued at $383,000 after acquiring an additional 671 shares in the last quarter. Finally, Webster Bank N. A. raised its position in shares of NextEra Energy by 1.9% during the 3rd quarter. Webster Bank N. A. now owns 14,489 shares of the utilities provider’s stock valued at $1,225,000 after acquiring an additional 266 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average price target of $83.07.

NextEra Energy Trading Up 1.3 %

Shares of NEE opened at $82.91 on Tuesday. The business’s 50-day moving average price is $81.30 and its 200 day moving average price is $75.03. The stock has a market capitalization of $170.34 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $50.95 and a 1-year high of $86.10. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the business posted $0.88 EPS. Analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.48%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.