Legacy Financial Strategies LLC Buys 3,219 Shares of NextEra Energy, Inc. (NYSE:NEE)

Legacy Financial Strategies LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 47,839 shares of the utilities provider’s stock after acquiring an additional 3,219 shares during the quarter. NextEra Energy makes up about 0.9% of Legacy Financial Strategies LLC’s investment portfolio, making the stock its 21st biggest position. Legacy Financial Strategies LLC’s holdings in NextEra Energy were worth $4,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. lifted its stake in 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 purchasing an additional 225 shares during the last quarter. Proffitt & Goodson Inc. raised its stake in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy during the second quarter valued at $33,000. ORG Wealth Partners LLC bought a new position in shares of NextEra Energy during the third quarter valued at $45,000. Finally, Family Firm Inc. bought a new position in shares of NextEra Energy during the second quarter valued at $40,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.7 %

NYSE:NEE traded up $0.60 during trading hours on Friday, reaching $84.38. The company had a trading volume of 8,595,305 shares, compared to its average volume of 10,786,079. The firm has a market cap of $173.36 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.92 and a beta of 0.56. The business’s 50-day simple moving average is $81.81 and its two-hundred day simple moving average is $75.44. NextEra Energy, Inc. has a twelve month low of $50.95 and a twelve month high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm 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 earned $0.88 earnings per share. On average, equities 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity

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

Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Citigroup increased their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. 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 stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $83.64.

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.