NextEra Energy, Inc. $NEE Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.6% during the third quarter, Holdings Channel.com reports. The firm owned 119,456 shares of the utilities provider’s stock after purchasing an additional 10,452 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in NextEra Energy were worth $9,048,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its holdings in shares of NextEra Energy by 12.8% during the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 111 shares during the period. Legacy Wealth Managment LLC ID raised its stake in NextEra Energy by 23.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after buying an additional 112 shares during the period. Fingerlakes Wealth Management Inc. increased its holdings in NextEra Energy by 0.7% in the second quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 116 shares during the period. Zhang Financial LLC grew its holdings in NextEra Energy by 1.0% during the 2nd quarter. Zhang Financial LLC now owns 12,432 shares of the utilities provider’s stock valued at $1,091,000 after buying an additional 117 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. grew its stake in shares of NextEra Energy by 0.7% in the second quarter. SBI Okasan Asset Management Co.Ltd. now owns 17,715 shares of the utilities provider’s stock worth $1,571,000 after acquiring an additional 118 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NEE. BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, October 20th. Mizuho reduced their price objective on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Seaport Research Partners reiterated a “sell” rating and set a $56.00 target price (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. BTIG Research set a $106.00 price target on NextEra Energy in a research note on Thursday, October 22nd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Clean-energy stocks rallied after Democrats won control of Congress, and the article says NextEra captured the rally. Its battery development and ability to supply power to data centers may help it benefit from rising electricity demand. NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
• Positive Sentiment: A Virginia Chamber of Commerce-commissioned study says the proposed Dominion merger could bring thousands of jobs to Virginia, adding an economic-benefit argument in support of the deal. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Neutral Sentiment: NextEra said senior management will participate in the EEI Financial Conference Nov. 8–10. The announcement does not identify new financial guidance or a specific business update. NextEra Energy to participate in EEI Financial Conference
• Neutral Sentiment: Another report describes the Virginia merger review as advancing with safeguards, but the available headline does not detail the terms or indicate whether approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Negative Sentiment: Faith leaders and community advocates urged Virginia regulators to reject NextEra’s proposed $67 billion acquisition of Dominion, highlighting opposition and continued regulatory risk around the transaction. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

NextEra Energy Price Performance

NYSE:NEE opened at $86.92 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $182.30 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 2.63 and a beta of 0.60. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The stock’s 50-day moving average price is $80.50 and its 200-day moving average price is $87.27.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $1.13 earnings per share. As a group, equities analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s payout ratio is currently 44.86%.

About NextEra Energy

NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.

NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

The company traces its roots to 1925, when Florida Power & Light was established.