Integrated Investment Consultants LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Integrated Investment Consultants LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,711 shares of the utilities provider’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ceeto Capital Group LLC raised its stake in shares of NextEra Energy by 57.1% in the 1st quarter. Ceeto Capital Group LLC now owns 11,000 shares of the utilities provider’s stock valued at $703,000 after acquiring an additional 4,000 shares during the period. Talisman Wealth Advisors LLC increased its holdings in NextEra Energy by 1.3% in the 1st quarter. Talisman Wealth Advisors LLC now owns 13,940 shares of the utilities provider’s stock valued at $891,000 after purchasing an additional 183 shares during the last quarter. Beaird Harris Wealth Management LLC increased its holdings in NextEra Energy by 97.5% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,544 shares of the utilities provider’s stock valued at $163,000 after purchasing an additional 1,256 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in NextEra Energy by 2.2% in the first quarter. Mount Yale Investment Advisors LLC now owns 141,067 shares of the utilities provider’s stock valued at $9,016,000 after purchasing an additional 3,082 shares during the period. Finally, Zurich Insurance Group Ltd FI lifted its stake in NextEra Energy by 12.0% during the first quarter. Zurich Insurance Group Ltd FI now owns 790,110 shares of the utilities provider’s stock worth $50,496,000 after purchasing an additional 84,919 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 1.1 %

NEE opened at $76.00 on Friday. 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, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a market cap of $156.29 billion, a P/E ratio of 22.49, a PEG ratio of 2.78 and a beta of 0.57. The business’s 50-day simple moving average is $80.90 and its 200-day simple moving average is $77.67.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. Bank of America boosted 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. Scotiabank increased their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven 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 $86.85.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

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.