NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 58,534 shares of the utilities provider’s stock after purchasing an additional 10,460 shares during the quarter. Tidal Investments LLC’s holdings in NextEra Energy were worth $4,948,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Lantz Financial LLC raised its holdings in shares of NextEra Energy by 16.0% in the 2nd quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider’s stock worth $924,000 after purchasing an additional 1,795 shares in the last quarter. Swedbank AB lifted its position in shares of NextEra Energy by 53.2% during the 2nd quarter. Swedbank AB now owns 496,886 shares of the utilities provider’s stock valued at $35,184,000 after acquiring an additional 172,640 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of NextEra Energy by 6.5% during the 2nd quarter. Brookstone Capital Management now owns 75,754 shares of the utilities provider’s stock worth $5,371,000 after acquiring an additional 4,602 shares in the last quarter. Everpar Advisors LLC grew its holdings in shares of NextEra Energy by 37.3% in the 2nd quarter. Everpar Advisors LLC now owns 6,663 shares of the utilities provider’s stock worth $472,000 after acquiring an additional 1,809 shares during the last quarter. Finally, TCW Group Inc. raised its position in shares of NextEra Energy by 10.6% during the second quarter. TCW Group Inc. now owns 104,345 shares of the utilities provider’s stock worth $7,389,000 after purchasing an additional 10,004 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’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 completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $73.62 on Friday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The business’s 50-day moving average price is $78.41 and its two-hundred day moving average price is $77.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market capitalization of $151.39 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 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 return on equity of 11.94% and a net margin of 26.49%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.