3,033 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,033 shares of the utilities provider’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares in the last quarter. Burkett Financial Services LLC raised its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter valued at about $27,000. Quarry LP bought a new position in NextEra Energy during the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the third quarter valued at about $39,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy 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 completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NYSE NEE traded down $1.22 during trading on Monday, reaching $66.16. 2,698,220 shares of the company traded hands, compared to its average volume of 7,464,431. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock’s 50 day moving average price is $74.23 and its two-hundred day moving average price is $77.32. The company has a market cap of $136.05 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company 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 company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Morgan Stanley cut their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $87.15.

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.