Community Financial Services Group LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Community Financial Services Group LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,809 shares of the utilities provider’s stock after purchasing an additional 162 shares during the period. NextEra Energy makes up approximately 1.3% of Community Financial Services Group LLC’s holdings, making the stock its 27th largest position. Community Financial Services Group LLC’s holdings in NextEra Energy were worth $6,324,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Steph & Co. grew its stake in shares of NextEra Energy by 17.3% during the 1st quarter. Steph & Co. now owns 1,228 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 181 shares during the period. Traynor Capital Management Inc. lifted its holdings in NextEra Energy by 33.9% during the first quarter. Traynor Capital Management Inc. now owns 4,490 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 1,138 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of NextEra Energy in the first quarter worth approximately $27,209,000. Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of NextEra Energy by 13.9% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 12,810 shares of the utilities provider’s stock worth $819,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Strategic Planning Group LLC raised its position in shares of NextEra Energy by 23.1% during the 1st quarter. Strategic Planning Group LLC now owns 42,108 shares of the utilities provider’s stock valued at $2,691,000 after purchasing an additional 7,893 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.4 %

NextEra Energy stock traded down $0.35 during midday trading on Monday, reaching $84.03. 7,027,443 shares of the stock traded hands, compared to its average volume of 10,770,144. The firm has a market cap of $172.64 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a 50-day simple moving average of $81.81 and a two-hundred day simple moving average of $75.61. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10.

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

NextEra Energy Dividend Announcement

The firm also recently announced 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 2.45%. NextEra Energy’s payout ratio is 56.13%.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NEE. Citigroup increased their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Morgan Stanley raised their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $85.46.

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.