Thompson Siegel & Walmsley LLC Acquires 4,560 Shares of NextEra Energy, Inc. (NYSE:NEE)

Thompson Siegel & Walmsley LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 117.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,453 shares of the utilities provider’s stock after acquiring an additional 4,560 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in NextEra Energy were worth $715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ceeto Capital Group LLC increased its position in shares of NextEra Energy by 57.1% during the 1st quarter. Ceeto Capital Group LLC now owns 11,000 shares of the utilities provider’s stock worth $703,000 after purchasing an additional 4,000 shares during the last quarter. Talisman Wealth Advisors LLC raised its position in NextEra Energy by 1.3% during the first quarter. Talisman Wealth Advisors LLC now owns 13,940 shares of the utilities provider’s stock worth $891,000 after acquiring an additional 183 shares in the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of NextEra Energy by 97.5% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,544 shares of the utilities provider’s stock valued at $163,000 after acquiring an additional 1,256 shares during the period. Mount Yale Investment Advisors LLC increased its stake in shares of NextEra Energy by 2.2% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 141,067 shares of the utilities provider’s stock worth $9,016,000 after purchasing an additional 3,082 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of NextEra Energy by 12.0% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 790,110 shares of the utilities provider’s stock valued at $50,496,000 after purchasing an additional 84,919 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 $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 available through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 1.1 %

NYSE NEE opened at $76.00 on Friday. 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 company has a market cap of $156.29 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.78 and a beta of 0.57. The company has a 50 day moving average of $80.90 and a 200-day moving average of $77.67. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Finally, Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $86.85.

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.