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

Prudent Man Advisors LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the third quarter, Holdings Channel reports. The firm owned 24,929 shares of the utilities provider’s stock after buying an additional 515 shares during the period. NextEra Energy comprises 0.7% of Prudent Man Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Prudent Man Advisors LLC’s holdings in NextEra Energy were worth $2,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proffitt & Goodson Inc. lifted its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the period. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the 3rd quarter valued at about $39,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Eight investment 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, NextEra Energy has an average rating of “Hold” and an average target price of $86.54.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Up 1.4 %

NextEra Energy stock opened at $76.35 on Monday. The stock’s 50 day moving average price is $81.53 and its 200 day moving average price is $77.55. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market cap of $157.01 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

NextEra Energy 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.