Alta Wealth Advisors LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Alta Wealth Advisors LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,957 shares of the utilities provider’s stock after acquiring an additional 166 shares during the period. Alta Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Everett Harris & Co. CA boosted its position in shares of NextEra Energy by 1.6% during the third quarter. Everett Harris & Co. CA now owns 124,334 shares of the utilities provider’s stock valued at $10,510,000 after buying an additional 2,000 shares during the last quarter. Northside Capital Management LLC bought a new stake in shares of NextEra Energy in the third quarter worth approximately $210,000. Integris Wealth Management LLC lifted its position in NextEra Energy by 3.2% during the third quarter. Integris Wealth Management LLC now owns 9,772 shares of the utilities provider’s stock valued at $826,000 after purchasing an additional 300 shares during the period. TriaGen Wealth Management LLC boosted its holdings in NextEra Energy by 43.3% in the third quarter. TriaGen Wealth Management LLC now owns 6,299 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Meridiem Investment Management Ltd. bought a new stake in NextEra Energy in the 3rd quarter worth approximately $238,000. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NEE shares. JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Morgan Stanley increased their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.64.

NextEra Energy Trading Up 0.7 %

NEE stock opened at $84.38 on Friday. The company has a market capitalization of $173.36 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 1-year low of $50.95 and a 1-year high of $86.10. The business has a 50 day simple moving average of $81.81 and a two-hundred day simple moving average of $75.52.

NextEra Energy (NYSE:NEE) last posted 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. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the company posted $0.88 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s payout ratio is presently 56.13%.

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.