Valmark Advisers Inc. Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Valmark Advisers Inc. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,237 shares of the utilities provider’s stock after purchasing an additional 1,902 shares during the period. Valmark Advisers Inc.’s holdings in NextEra Energy were worth $3,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Miracle Mile Advisors LLC raised its stake in shares of NextEra Energy by 3.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 12,519 shares of the utilities provider’s stock worth $800,000 after buying an additional 420 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of NextEra Energy by 62.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 80,611 shares of the utilities provider’s stock valued at $5,152,000 after purchasing an additional 31,061 shares during the last quarter. Naviter Wealth LLC increased its holdings in shares of NextEra Energy by 67.9% during the 1st quarter. Naviter Wealth LLC now owns 17,512 shares of the utilities provider’s stock worth $1,119,000 after buying an additional 7,084 shares during the last quarter. Plimoth Trust Co. LLC grew its position in NextEra Energy by 7.3% during the first quarter. Plimoth Trust Co. LLC now owns 58,159 shares of the utilities provider’s stock valued at $3,717,000 after acquiring an additional 3,938 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of NextEra Energy by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,195,099 shares of the utilities provider’s stock worth $332,019,000 after purchasing an additional 34,455 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. 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 report on Friday, August 2nd. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Price Performance

NextEra Energy stock traded down $2.69 on Tuesday, reaching $80.18. The company’s stock had a trading volume of 10,746,076 shares, compared to its average volume of 10,723,736. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The business’s fifty day moving average price is $82.43 and its 200 day moving average price is $76.41. The company has a market cap of $164.73 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share 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. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.