Archford Capital Strategies LLC Has $1.52 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Archford Capital Strategies LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,397 shares of the utilities provider’s stock after buying an additional 156 shares during the quarter. Archford Capital Strategies LLC’s holdings in NextEra Energy were worth $1,523,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Norway Savings Bank boosted its stake in shares of NextEra Energy by 26.0% during the third quarter. Norway Savings Bank now owns 9,800 shares of the utilities provider’s stock valued at $770,000 after purchasing an additional 2,020 shares in the last quarter. First United Bank & Trust boosted its stake in shares of NextEra Energy by 5.4% during the third quarter. First United Bank & Trust now owns 11,614 shares of the utilities provider’s stock valued at $912,000 after purchasing an additional 593 shares in the last quarter. Schneider Downs Wealth Management Advisors LP boosted its stake in shares of NextEra Energy by 3.6% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 8,679 shares of the utilities provider’s stock valued at $681,000 after purchasing an additional 298 shares in the last quarter. Capital Asset Advisory Services LLC boosted its stake in shares of NextEra Energy by 10.0% during the third quarter. Capital Asset Advisory Services LLC now owns 10,322 shares of the utilities provider’s stock valued at $810,000 after purchasing an additional 939 shares in the last quarter. Finally, Columbia Trust Co 01012016 boosted its stake in shares of NextEra Energy by 1.8% during the third quarter. Columbia Trust Co 01012016 now owns 10,255 shares of the utilities provider’s stock valued at $806,000 after purchasing an additional 180 shares in the last quarter. 74.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of NEE opened at $87.21 on Thursday. NextEra Energy, Inc. has a 1 year low of $68.33 and a 1 year high of $88.82. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $171.12 billion, a price-to-earnings ratio of 72.68, a price-to-earnings-growth ratio of 4.01 and a beta of 0.26. The business has a 50-day moving average of $83.22 and a 200-day moving average of $79.59.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 19th. The utilities provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.03. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $5.40 billion. NextEra Energy had a return on equity of 11.07% and a net margin of 14.40%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 2.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Friday, November 26th will be issued a $0.385 dividend. The ex-dividend date is Wednesday, November 24th. This represents a $1.54 dividend on an annualized basis and a yield of 1.77%. NextEra Energy’s payout ratio is currently 128.33%.

In other NextEra Energy news, EVP Ronald R. Reagan sold 4,545 shares of the firm’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $88.00, for a total value of $399,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Ketchum sold 12,151 shares of NextEra Energy stock in a transaction that occurred on Wednesday, September 15th. The shares were sold at an average price of $84.33, for a total value of $1,024,693.83. Following the transaction, the chief executive officer now directly owns 84,895 shares in the company, valued at approximately $7,159,195.35. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

A number of analysts have recently commented on NEE shares. Morgan Stanley lifted their price target on NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday. Seaport Res Ptn restated a “buy” rating on shares of NextEra Energy in a research report on Tuesday, October 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $86.29.

About NextEra Energy

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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