NextEra Energy, Inc. $NEE Position Boosted by Hixon Zuercher LLC

Hixon Zuercher LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,019 shares of the utilities provider’s stock after purchasing an additional 1,388 shares during the period. NextEra Energy makes up approximately 2.2% of Hixon Zuercher LLC’s investment portfolio, making the stock its 15th largest holding. Hixon Zuercher LLC’s holdings in NextEra Energy were worth $6,666,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC boosted its stake in NextEra Energy by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,459,000 after purchasing an additional 5,949 shares in the last quarter. Pure Financial Advisors LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at $228,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of NextEra Energy by 31.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 295,748 shares of the utilities provider’s stock worth $20,966,000 after buying an additional 70,663 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,528 shares of company stock valued at $2,277,773. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $84.42 on Friday. The company has a market capitalization of $173.85 billion, a PE ratio of 29.52, a PEG ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company’s 50 day moving average price is $76.64 and its 200 day moving average price is $72.84. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Mizuho set a $78.00 target price on shares of NextEra Energy in a research note on Thursday, August 21st. Barclays set a $87.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.38.

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.