Claro Advisors LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Claro Advisors LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,875 shares of the utilities provider’s stock after purchasing an additional 2,373 shares during the quarter. Claro Advisors LLC’s holdings in NextEra Energy were worth $2,018,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NEE. Proffitt & Goodson Inc. boosted its holdings in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Reston Wealth Management LLC acquired a new position in NextEra Energy during the third quarter worth $27,000. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy in the 2nd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of NextEra Energy during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 1.4 %

NEE stock opened at $76.35 on Friday. The company’s 50 day moving average price is $81.53 and its 200 day moving average price is $77.48. The firm has a market capitalization of $157.01 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.76 and a beta of 0.57. 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 debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NEE shares. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Finally, Wells Fargo & Company upped 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. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Company 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.