PFW Advisors LLC Invests $2.37 Million in NextEra Energy, Inc. (NYSE:NEE)

PFW Advisors LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,042 shares of the utilities provider’s stock, valued at approximately $2,369,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. grew its stake in NextEra Energy by 219.1% during the 2nd quarter. GHP Investment Advisors Inc. now owns 686 shares of the utilities provider’s stock worth $49,000 after buying an additional 471 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of NextEra Energy by 44.0% during the second quarter. Thoroughbred Financial Services LLC now owns 13,266 shares of the utilities provider’s stock valued at $939,000 after acquiring an additional 4,051 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of NextEra Energy by 1,925.1% in the 2nd quarter. William Blair Investment Management LLC now owns 347,876 shares of the utilities provider’s stock valued at $24,633,000 after purchasing an additional 330,698 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in NextEra Energy by 24.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 50,545 shares of the utilities provider’s stock worth $3,579,000 after purchasing an additional 9,926 shares in the last quarter. Finally, Seven Mile Advisory grew its position in NextEra Energy by 8.9% during the 2nd quarter. Seven Mile Advisory now owns 5,496 shares of the utilities provider’s stock worth $389,000 after purchasing an additional 447 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.53 during trading on Monday, hitting $66.85. The company had a trading volume of 17,055,211 shares, compared to its average volume of 9,634,256. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $74.23 and a two-hundred day simple moving average of $77.32. The firm has a market capitalization of $137.47 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Jefferies Financial Group initiated 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 for the company. Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.15.

About NextEra Energy

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.