2,461 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Spectrum Investment Advisors Inc.

Spectrum Investment Advisors Inc. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,461 shares of the utilities provider’s stock, valued at approximately $208,000. NextEra Energy makes up about 0.1% of Spectrum Investment Advisors Inc.’s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gouws Capital LLC increased its holdings in shares of NextEra Energy by 1.1% during the third quarter. Gouws Capital LLC now owns 71,248 shares of the utilities provider’s stock valued at $6,023,000 after acquiring an additional 800 shares in the last quarter. Empowered Funds LLC grew its position in NextEra Energy by 8.1% during the 3rd quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock valued at $3,359,000 after purchasing an additional 2,974 shares during the last quarter. Empirical Finance LLC increased its stake in NextEra Energy by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 69,774 shares of the utilities provider’s stock valued at $5,898,000 after purchasing an additional 1,509 shares in the last quarter. Bard Associates Inc. raised its holdings in NextEra Energy by 13.7% in the third quarter. Bard Associates Inc. now owns 22,154 shares of the utilities provider’s stock worth $1,873,000 after buying an additional 2,675 shares during the last quarter. Finally, Vectors Research Management LLC lifted its stake in shares of NextEra Energy by 11.8% in the third quarter. Vectors Research Management LLC now owns 26,076 shares of the utilities provider’s stock worth $2,204,000 after buying an additional 2,761 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NEE. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays increased their price objective 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. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Price Performance

NextEra Energy stock opened at $76.33 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average is $81.53 and its 200 day moving average is $77.41. The company has a market cap of $156.97 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its earnings results 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. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations 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 was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.