Clearstead Advisors LLC Has $7.49 Million Stock Position in NextEra Energy, Inc. $NEE

Clearstead Advisors LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,264 shares of the utilities provider’s stock after buying an additional 7,284 shares during the quarter. Clearstead Advisors LLC’s holdings in NextEra Energy were worth $7,493,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. LaFleur & Godfrey LLC lifted its stake in NextEra Energy by 28.8% in the third quarter. LaFleur & Godfrey LLC now owns 125,954 shares of the utilities provider’s stock valued at $9,508,000 after acquiring an additional 28,173 shares during the last quarter. Washington Trust Advisors Inc. increased its stake in shares of NextEra Energy by 4.9% during the 3rd quarter. Washington Trust Advisors Inc. now owns 6,976 shares of the utilities provider’s stock worth $527,000 after purchasing an additional 329 shares during the last quarter. Avalon Trust Co raised its holdings in shares of NextEra Energy by 10.7% in the 3rd quarter. Avalon Trust Co now owns 8,808 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 854 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in NextEra Energy by 41.6% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 77,978 shares of the utilities provider’s stock valued at $5,887,000 after purchasing an additional 22,911 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in NextEra Energy by 0.6% during the third quarter. Bleakley Financial Group LLC now owns 42,145 shares of the utilities provider’s stock worth $3,182,000 after purchasing an additional 254 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $94.03 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm has a market cap of $195.91 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.85 and a beta of 0.75. The stock’s fifty day moving average price is $85.00 and its two-hundred day moving average price is $81.16. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company posted $0.53 earnings per share. NextEra Energy’s revenue was up 20.7% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s payout ratio is 69.00%.

Insider Activity

In other news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the sale, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 159,049 shares of company stock worth $14,194,542. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NEE. Mizuho set a $90.00 price objective on NextEra Energy and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Wells Fargo & Company increased their price target on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Jefferies Financial Group set a $87.00 price target on NextEra Energy in a report on Wednesday, January 14th. Seaport Research Partners decreased their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Finally, Evercore reissued an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $93.05.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.