Buckley Wealth Management LLC Has $3.25 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Buckley Wealth Management LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,476 shares of the utilities provider’s stock after selling 590 shares during the quarter. NextEra Energy accounts for approximately 1.0% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Buckley Wealth Management LLC’s holdings in NextEra Energy were worth $3,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NEE. Royal Fund Management LLC lifted its stake in shares of NextEra Energy by 18.1% in the 1st quarter. Royal Fund Management LLC now owns 17,268 shares of the utilities provider’s stock valued at $1,104,000 after acquiring an additional 2,650 shares during the last quarter. Steph & Co. boosted its stake in shares of NextEra Energy by 17.3% during the first quarter. Steph & Co. now owns 1,228 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 181 shares in the last quarter. CHICAGO TRUST Co NA increased its stake in shares of NextEra Energy by 27.3% in the first quarter. CHICAGO TRUST Co NA now owns 19,376 shares of the utilities provider’s stock valued at $1,238,000 after buying an additional 4,159 shares during the period. Traynor Capital Management Inc. increased its stake in shares of NextEra Energy by 33.9% in the first quarter. Traynor Capital Management Inc. now owns 4,490 shares of the utilities provider’s stock valued at $287,000 after buying an additional 1,138 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in NextEra Energy during the 1st quarter worth approximately $27,209,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.7 %

NYSE NEE traded up $0.60 on Friday, hitting $84.38. 8,595,305 shares of the company were exchanged, compared to its average volume of 10,786,079. NextEra Energy, Inc. has a 12 month low of $50.95 and a 12 month high of $86.10. The company has a market cap of $173.36 billion, a PE ratio of 22.99, a PEG ratio of 2.92 and a beta of 0.56. The stock has a fifty day moving average of $81.81 and a 200-day moving average of $75.52. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

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 paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.64.

Insider Activity

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

NextEra Energy Profile

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.