NextEra Energy, Inc. $NEE Shares Bought by Dillon & Associates Inc.

Dillon & Associates Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,246 shares of the utilities provider’s stock after acquiring an additional 5,261 shares during the quarter. Dillon & Associates Inc.’s holdings in NextEra Energy were worth $4,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Daymark Wealth Partners LLC increased its stake in NextEra Energy by 6.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 2,767 shares during the period. Avity Investment Management Inc. increased its position in shares of NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Integrity Alliance LLC. increased its position in shares of NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of NextEra Energy in the 1st quarter worth about $783,000. Finally, Czech National Bank increased its position in shares of NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after purchasing an additional 30,878 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BTIG Research reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, Cowen initiated coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Trading Up 0.6%

NYSE NEE opened at $81.90 on Tuesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The company has a 50-day simple moving average of $77.44 and a 200-day simple moving average of $73.59. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The firm has a market capitalization of $170.56 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the business posted $1.03 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is 71.97%.

Insider Buying and Selling

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was 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 owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 23,028 shares of company stock valued at $1,738,973 in the last three months. 0.20% 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.