TFG Advisers LLC Has $3.07 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

TFG Advisers LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 36,346 shares of the utilities provider’s stock after acquiring an additional 267 shares during the period. NextEra Energy makes up about 1.1% of TFG Advisers LLC’s portfolio, making the stock its 22nd largest position. TFG Advisers LLC’s holdings in NextEra Energy were worth $3,072,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Intech Investment Management LLC increased its holdings in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in NextEra Energy by 2.2% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after buying an additional 26,270 shares during the last quarter. Ancora Advisors LLC raised its holdings in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares during the period. Magnolia Capital Advisors LLC lifted its position in NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after acquiring an additional 66,982 shares during the last quarter. Finally, Raymond James & Associates lifted its position in NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NEE. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. 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. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, 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 research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.46.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $0.02 on Wednesday, reaching $83.68. 2,118,357 shares of the stock were exchanged, compared to its average volume of 10,716,303. The firm’s 50 day moving average is $82.05 and its 200-day moving average is $75.89. The firm has a market cap of $171.92 billion, a PE ratio of 22.81, a P/E/G ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a one year low of $53.11 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the business posted $0.88 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.46%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 owns 100 shares of the company’s stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.