Aptus Capital Advisors LLC Has $17.60 Million Holdings in NextEra Energy, Inc. $NEE

Aptus Capital Advisors LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,117 shares of the utilities provider’s stock after buying an additional 25,317 shares during the period. Aptus Capital Advisors LLC’s holdings in NextEra Energy were worth $17,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the second quarter worth about $25,000. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy during the 3rd quarter valued at approximately $25,000. Howard Hughes Medical Institute bought a new position in NextEra Energy during the 2nd quarter worth approximately $31,000. Rexford Capital Inc. bought a new position in NextEra Energy during the 2nd quarter worth approximately $34,000. Finally, Abound Wealth Management lifted its position in shares of NextEra Energy by 108.2% in the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Ronald R. Reagan sold 18,620 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 159,049 shares of company stock valued at $14,194,542. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $91.03 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.91. The stock’s 50 day simple moving average is $87.27 and its 200 day simple moving average is $82.28. The firm has a market cap of $189.66 billion, a price-to-earnings ratio of 27.67 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.6232 per share. The ex-dividend date is Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is presently 75.68%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NEE shares. BTIG Research reissued a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a research report on Wednesday, January 14th. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Seaport Research Partners dropped their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy 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.