NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,841 shares of the utilities provider’s stock after buying an additional 343 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in NextEra Energy were worth $409,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wedmont Private Capital increased its position in NextEra Energy by 5.5% during the 1st quarter. Wedmont Private Capital now owns 9,452 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 494 shares during the period. Aprio Wealth Management LLC purchased a new position in NextEra Energy in the first quarter worth $210,000. RFG Advisory LLC lifted its holdings in NextEra Energy by 104.3% in the first quarter. RFG Advisory LLC now owns 54,889 shares of the utilities provider’s stock valued at $3,508,000 after acquiring an additional 28,020 shares during the period. MJP Associates Inc. ADV purchased a new stake in shares of NextEra Energy during the 1st quarter worth $302,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth $346,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.35 on Friday. The firm’s 50-day moving average is $81.81 and its two-hundred day moving average is $75.44. 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 stock has a market capitalization of $173.30 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Bank of America raised their price objective 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 target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays boosted their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley raised their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $83.64.

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.