Royal London Asset Management Ltd. Purchases 83,526 Shares of NextEra Energy, Inc. (NYSE:NEE)

Royal London Asset Management Ltd. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.7% during the 3rd quarter, Holdings Channel reports. The firm owned 798,757 shares of the utilities provider’s stock after purchasing an additional 83,526 shares during the quarter. Royal London Asset Management Ltd.’s holdings in NextEra Energy were worth $67,519,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Rench Wealth Management Inc. boosted its stake in NextEra Energy by 5.3% in the 3rd quarter. Rench Wealth Management Inc. now owns 68,656 shares of the utilities provider’s stock worth $5,804,000 after purchasing an additional 3,434 shares during the period. Resurgent Financial Advisors LLC boosted its position in shares of NextEra Energy by 1.3% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 15,759 shares of the utilities provider’s stock valued at $1,332,000 after acquiring an additional 200 shares during the last quarter. Pinnacle Family Advisors LLC purchased a new position in shares of NextEra Energy during the third quarter worth about $247,000. IHT Wealth Management LLC increased its position in shares of NextEra Energy by 25.6% in the third quarter. IHT Wealth Management LLC now owns 52,167 shares of the utilities provider’s stock worth $4,413,000 after purchasing an additional 10,626 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its position in NextEra Energy by 1.6% during the third quarter. Ingalls & Snyder LLC now owns 68,171 shares of the utilities provider’s stock valued at $5,762,000 after purchasing an additional 1,090 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $76.20 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a 50 day simple moving average of $79.68 and a two-hundred day simple moving average of $77.83. 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 market capitalization of $156.70 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.76 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post 3.41 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 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 dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on NEE shares. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Finally, Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $86.85.

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.