Ingalls & Snyder LLC Has $5.76 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ingalls & Snyder LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 68,171 shares of the utilities provider’s stock after buying an additional 1,090 shares during the quarter. Ingalls & Snyder LLC’s holdings in NextEra Energy were worth $5,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Intrepid Capital Management Inc. boosted its holdings in NextEra Energy by 5.8% during the third quarter. Intrepid Capital Management Inc. now owns 4,431 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 244 shares during the last quarter. Investment Management Corp of Ontario raised its position in NextEra Energy by 49.2% during the third quarter. Investment Management Corp of Ontario now owns 68,211 shares of the utilities provider’s stock worth $5,766,000 after acquiring an additional 22,500 shares in the last quarter. HITE Hedge Asset Management LLC bought a new stake in NextEra Energy during the third quarter worth $25,801,000. Hilltop Holdings Inc. raised its position in NextEra Energy by 499.6% during the third quarter. Hilltop Holdings Inc. now owns 112,235 shares of the utilities provider’s stock worth $9,487,000 after acquiring an additional 93,518 shares in the last quarter. Finally, Hollow Brook Wealth Management LLC bought a new stake in NextEra Energy during the third quarter worth $335,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.24 during mid-day trading on Tuesday, reaching $76.83. 2,716,961 shares of the company’s stock were exchanged, compared to its average volume of 10,869,594. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a market capitalization of $157.99 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.84 and a beta of 0.56. The business’s fifty day simple moving average is $80.32 and its two-hundred day simple moving average is $77.85. 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 (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, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. 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 paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.68%. NextEra Energy’s payout ratio is 60.95%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group assumed 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 on the stock. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company increased their price objective 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. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.85.

About NextEra Energy

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.