Empire Financial Management Company LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Empire Financial Management Company LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,062 shares of the utilities provider’s stock after buying an additional 1,293 shares during the quarter. Empire Financial Management Company LLC’s holdings in NextEra Energy were worth $2,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NEE. International Assets Investment Management LLC grew its stake in shares of NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after buying an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. grew its position in NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after acquiring an additional 2,309,876 shares during the period. Raymond James & Associates increased its stake 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. LGT Group Foundation raised its holdings in shares of NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock worth $107,240,000 after purchasing an additional 1,371,982 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.85.

NextEra Energy Stock Performance

NEE stock opened at $74.18 on Wednesday. The firm has a market cap of $152.54 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.72 and a beta of 0.56. The stock’s 50 day simple moving average is $79.30 and its 200 day simple moving average is $77.84. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company 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 $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.18% of the stock is owned by company insiders.

NextEra Energy 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.