Advisors Asset Management Inc. Boosts Stock Holdings in NextEra Energy, Inc. $NEE

Advisors Asset Management Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 266,773 shares of the utilities provider’s stock after acquiring an additional 3,053 shares during the period. Advisors Asset Management Inc.’s holdings in NextEra Energy were worth $18,519,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NEE. Activest Wealth Management increased its stake in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy in the second quarter valued at $25,000. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the first quarter valued at $26,000. Quaker Wealth Management LLC increased its position in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter valued at $32,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $84.41 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market capitalization of $175.79 billion, a PE ratio of 26.88, a P/E/G ratio of 2.76 and a beta of 0.69. The company has a 50 day moving average price of $81.13 and a 200-day moving average price of $75.44. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the business posted $1.03 EPS. NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent research reports. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. BTIG Research reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective on the stock. Morgan Stanley decreased their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Finally, Argus set a $90.00 target price on NextEra Energy in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $90.63.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 168,168 shares of company stock worth $13,917,670. Company insiders own 0.20% of the company’s stock.

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.