First Business Financial Services Inc. Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

First Business Financial Services Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,307 shares of the utilities provider’s stock after buying an additional 2,716 shares during the period. First Business Financial Services Inc.’s holdings in NextEra Energy were worth $2,055,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in NextEra Energy by 0.7% during the 3rd quarter. CIBC Asset Management Inc now owns 420,602 shares of the utilities provider’s stock worth $35,553,000 after purchasing an additional 2,995 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of NextEra Energy by 0.5% in the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 459,857 shares of the utilities provider’s stock worth $38,872,000 after buying an additional 2,178 shares during the last quarter. Broderick Brian C acquired a new stake in NextEra Energy in the third quarter valued at $237,000. Impax Asset Management Group plc bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $1,624,000. Finally, Oak Harbor Wealth Partners LLC raised its stake in shares of NextEra Energy by 350.3% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 18,576 shares of the utilities provider’s stock valued at $1,570,000 after purchasing an additional 14,451 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NextEra Energy stock opened at $75.28 on Friday. The firm’s 50 day simple moving average is $81.70 and its 200-day simple moving average is $77.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market cap of $154.81 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the firm earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NEE. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Morgan Stanley upped their price target 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. Finally, Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.54.

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.