NextEra Energy, Inc. (NYSE:NEE) Stock Position Raised by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,992,372 shares of the utilities provider’s stock after acquiring an additional 12,120 shares during the quarter. Stifel Financial Corp’s holdings in NextEra Energy were worth $252,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Lantz Financial LLC boosted its position in shares of NextEra Energy by 16.0% in the second quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider’s stock worth $924,000 after buying an additional 1,795 shares during the period. Simplicity Wealth LLC boosted its position in shares of NextEra Energy by 1.2% in the second quarter. Simplicity Wealth LLC now owns 43,670 shares of the utilities provider’s stock worth $3,092,000 after buying an additional 522 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 44.8% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 34,078 shares of the utilities provider’s stock worth $2,413,000 after acquiring an additional 10,538 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of NextEra Energy by 2.5% during the second quarter. CHICAGO TRUST Co NA now owns 19,853 shares of the utilities provider’s stock worth $1,406,000 after acquiring an additional 477 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of NextEra Energy during the second quarter worth $50,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.7 %

Shares of NEE opened at $75.74 on Thursday. The company has a 50-day simple moving average of $79.83 and a 200-day simple moving average of $77.84. The firm has a market capitalization of $155.75 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.76 and a beta of 0.56. 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.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NEE shares. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $86.85.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value 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 represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is 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.