Planning Capital Management Corp Has $273,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Planning Capital Management Corp increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.5% during the third quarter, Holdings Channel.com reports. The fund owned 3,225 shares of the utilities provider’s stock after buying an additional 384 shares during the period. Planning Capital Management Corp’s holdings in NextEra Energy were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Zions Bancorporation N.A. increased its holdings in NextEra Energy by 12.6% in the third quarter. Zions Bancorporation N.A. now owns 43,802 shares of the utilities provider’s stock worth $3,703,000 after purchasing an additional 4,892 shares in the last quarter. KBC Group NV increased its holdings in NextEra Energy by 8.8% in the third quarter. KBC Group NV now owns 160,802 shares of the utilities provider’s stock worth $13,593,000 after purchasing an additional 13,045 shares in the last quarter. Bell Bank increased its holdings in NextEra Energy by 2.0% in the third quarter. Bell Bank now owns 9,605 shares of the utilities provider’s stock worth $812,000 after purchasing an additional 189 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in NextEra Energy in the third quarter worth approximately $51,000. Finally, D Orazio & Associates Inc. bought a new stake in NextEra Energy in the third quarter worth approximately $200,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.0 %

Shares of NextEra Energy stock opened at $74.24 on Thursday. The stock has a fifty day simple moving average of $81.70 and a 200 day simple moving average of $77.36. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market capitalization of $152.67 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. 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 (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.77%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NEE shares. Morgan Stanley lifted their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Scotiabank lifted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average price target of $86.54.

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.