One Charles Private Wealth Services LLC Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

One Charles Private Wealth Services LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,528 shares of the utilities provider’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ceeto Capital Group LLC raised its holdings in shares of NextEra Energy by 57.1% during the 1st quarter. Ceeto Capital Group LLC now owns 11,000 shares of the utilities provider’s stock worth $703,000 after acquiring an additional 4,000 shares during the period. Talisman Wealth Advisors LLC increased its position in NextEra Energy by 1.3% during the first quarter. Talisman Wealth Advisors LLC now owns 13,940 shares of the utilities provider’s stock worth $891,000 after purchasing an additional 183 shares during the last quarter. Beaird Harris Wealth Management LLC raised its stake in NextEra Energy by 97.5% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,544 shares of the utilities provider’s stock worth $163,000 after purchasing an additional 1,256 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in NextEra Energy by 2.2% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 141,067 shares of the utilities provider’s stock valued at $9,016,000 after purchasing an additional 3,082 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI grew its stake in shares of NextEra Energy by 12.0% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 790,110 shares of the utilities provider’s stock valued at $50,496,000 after buying an additional 84,919 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 1.1 %

NYSE:NEE opened at $76.00 on Friday. The stock has a fifty day moving average price of $80.90 and a 200 day moving average price of $77.67. 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. The firm has a market cap of $156.29 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $8.11 billion. During the same quarter last year, the business posted $0.94 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NEE. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Guggenheim upped their target price 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. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $86.85.

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.