Wealth Alliance Advisory Group LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Wealth Alliance Advisory Group LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,497 shares of the utilities provider’s stock after buying an additional 335 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in NextEra Energy were worth $1,225,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Alta Wealth Advisors LLC grew its stake in NextEra Energy by 1.2% during the 3rd quarter. Alta Wealth Advisors LLC now owns 13,957 shares of the utilities provider’s stock valued at $1,180,000 after purchasing an additional 166 shares during the last quarter. Everett Harris & Co. CA boosted its position in NextEra Energy by 1.6% in the third quarter. Everett Harris & Co. CA now owns 124,334 shares of the utilities provider’s stock valued at $10,510,000 after buying an additional 2,000 shares during the last quarter. Northside Capital Management LLC acquired a new position in NextEra Energy in the 3rd quarter worth approximately $210,000. Integris Wealth Management LLC raised its position in NextEra Energy by 3.2% during the 3rd quarter. Integris Wealth Management LLC now owns 9,772 shares of the utilities provider’s stock worth $826,000 after buying an additional 300 shares during the last quarter. Finally, TriaGen Wealth Management LLC lifted its stake in NextEra Energy by 43.3% during the 3rd quarter. TriaGen Wealth Management LLC now owns 6,299 shares of the utilities provider’s stock valued at $532,000 after acquiring an additional 1,903 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.7 %

Shares of NYSE NEE opened at $84.38 on Friday. The firm has a market cap of $173.36 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company’s 50-day simple moving average is $81.81 and its 200-day simple moving average is $75.52. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the firm posted $0.88 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s payout ratio is currently 56.13%.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Morgan Stanley boosted their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays boosted their price target on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.64.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

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.