Cerity Partners LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Cerity Partners LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,261,124 shares of the utilities provider’s stock after purchasing an additional 207,213 shares during the quarter. Cerity Partners LLC owned about 0.06% of NextEra Energy worth $106,603,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Semmax Financial Advisors Inc. grew its position 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 purchasing an additional 225 shares during the last quarter. Proffitt & Goodson Inc. lifted its position 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 acquiring an additional 144 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy during the third quarter worth about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.85.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on 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 of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $76.00 on Friday. The stock has a market cap of $156.29 billion, a PE ratio of 22.49, a P/E/G ratio of 2.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The firm has a 50-day moving average of $80.90 and a 200-day moving average of $77.67.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. NextEra Energy’s payout ratio is currently 60.95%.

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.