Broderick Brian C Invests $237,000 in NextEra Energy, Inc. (NYSE:NEE)

Broderick Brian C bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,798 shares of the utilities provider’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth approximately $27,000. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Proffitt & Goodson Inc. raised its holdings in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the period. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the third quarter valued at about $39,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NEE shares. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Scotiabank raised their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.54.

Insider Transactions at NextEra Energy

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

NextEra Energy Price Performance

NextEra Energy stock opened at $75.28 on Friday. The firm has a 50-day moving average price of $81.70 and a 200-day moving average price of $77.36. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $154.81 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.