NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,556 shares of the utilities provider’s stock after purchasing an additional 186 shares during the period. Revolve Wealth Partners LLC’s holdings in NextEra Energy were worth $385,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NEE. Proffitt & Goodson Inc. lifted its position in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. grew its stake in NextEra Energy by 197.4% in the second 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 in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter valued at about $33,000. Family Firm Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter worth $40,000. Finally, Bbjs Financial Advisors LLC bought a new stake in NextEra Energy in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $84.38 on Friday. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week 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 stock has a market capitalization of $173.36 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The stock’s 50-day simple moving average is $81.81 and its 200 day simple moving average is $75.52.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for 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 business earned $0.88 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS 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. Investors 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 dividend yield of 2.44%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NEE shares. Morgan Stanley increased their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $83.64.

Insider Activity at NextEra Energy

In other 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 value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at $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 is available at this hyperlink. 0.18% of the stock is owned by insiders.

About NextEra Energy

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.