NextEra Energy, Inc. (NYSE:NEE) Stake Lifted by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 110,682 shares of the utilities provider’s stock after buying an additional 8,661 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in NextEra Energy were worth $9,356,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in NEE. Legal & General Group Plc increased its holdings in shares of NextEra Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after acquiring an additional 143,748 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of NextEra Energy by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after purchasing an additional 691,341 shares during the period. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after purchasing an additional 1,268,900 shares during the period. Raymond James & Associates raised its holdings in shares of NextEra Energy by 14.3% during the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after buying an additional 851,873 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of NextEra Energy by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after buying an additional 409,708 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NEE shares. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley upped their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Citigroup lifted their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $83.64.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $84.38 on Friday. The company has a 50-day moving average of $81.81 and a two-hundred day moving average of $75.52. The stock has a market cap of $173.36 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a one year low of $50.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business posted $0.88 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 yield of 2.44%. NextEra Energy’s payout ratio is 56.13%.

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.