Valmark Advisers Inc. Buys 1,902 Shares of NextEra Energy, Inc. (NYSE:NEE)

Valmark Advisers Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 37,237 shares of the utilities provider’s stock after purchasing an additional 1,902 shares during the quarter. Valmark Advisers Inc.’s holdings in NextEra Energy were worth $3,148,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NEE. Miracle Mile Advisors LLC lifted its position in shares of NextEra Energy by 3.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 12,519 shares of the utilities provider’s stock worth $800,000 after buying an additional 420 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in NextEra Energy by 62.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 80,611 shares of the utilities provider’s stock valued at $5,152,000 after acquiring an additional 31,061 shares in the last quarter. Naviter Wealth LLC increased its holdings in shares of NextEra Energy by 67.9% in the first quarter. Naviter Wealth LLC now owns 17,512 shares of the utilities provider’s stock worth $1,119,000 after purchasing an additional 7,084 shares during the period. Plimoth Trust Co. LLC raised its holdings in shares of NextEra Energy by 7.3% in the 1st quarter. Plimoth Trust Co. LLC now owns 58,159 shares of the utilities provider’s stock valued at $3,717,000 after acquiring an additional 3,938 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in NextEra Energy by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,195,099 shares of the utilities provider’s stock valued at $332,019,000 after purchasing an additional 34,455 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock traded down $2.69 during mid-day trading on Tuesday, hitting $80.18. 10,746,076 shares of the company were exchanged, compared to its average volume of 10,723,736. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The company has a market capitalization of $164.73 billion, a P/E ratio of 21.93, a PEG ratio of 3.03 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The business’s 50 day simple moving average is $82.43 and its two-hundred day simple moving average is $76.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business 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 2.57%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group started 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. Scotiabank increased their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $86.54.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently 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.