Aaron Wealth Advisors LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Aaron Wealth Advisors LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,257 shares of the utilities provider’s stock after buying an additional 1,032 shares during the period. Aaron Wealth Advisors LLC’s holdings in NextEra Energy were worth $613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proffitt & Goodson Inc. boosted its holdings in shares of NextEra Energy by 64.0% in the second 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 last quarter. Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter worth $33,000. Family Firm Inc. bought a new position in NextEra Energy in the 2nd quarter worth $40,000. Finally, Bbjs Financial Advisors LLC purchased a new position in NextEra Energy during the second quarter valued at $43,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

NYSE:NEE opened at $84.35 on Friday. The firm has a market capitalization of $173.30 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The business has a 50 day simple moving average of $81.81 and a 200-day simple moving average of $75.44. NextEra Energy, Inc. has a 1 year low of $50.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the company earned $0.88 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Barclays boosted their price objective on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.64.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.