Raleigh Capital Management Inc. Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Raleigh Capital Management Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,476 shares of the utilities provider’s stock after purchasing an additional 376 shares during the quarter. Raleigh Capital Management Inc.’s holdings in NextEra Energy were worth $463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of 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 buying an additional 225 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $33,000. Family Firm Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $40,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $43,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup boosted their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Morgan Stanley boosted their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Barclays boosted their price target on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. 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. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $85.46.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’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 completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This 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 at this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $84.03 on Tuesday. The stock has a fifty day moving average price of $81.94 and a 200 day moving average price of $75.76. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. 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 firm has a market capitalization of $172.64 billion, a P/E ratio of 22.90, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.45%. NextEra Energy’s payout ratio is 56.13%.

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.