Brookstone Capital Management Buys 10,635 Shares of NextEra Energy, Inc. (NYSE:NEE)

Brookstone Capital Management grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,448 shares of the utilities provider’s stock after buying an additional 10,635 shares during the quarter. Brookstone Capital Management’s holdings in NextEra Energy were worth $6,269,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NEE. GHP Investment Advisors Inc. boosted its stake in shares of NextEra Energy by 219.1% during the second quarter. GHP Investment Advisors Inc. now owns 686 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 471 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in NextEra Energy by 44.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 13,266 shares of the utilities provider’s stock worth $939,000 after buying an additional 4,051 shares during the period. William Blair Investment Management LLC grew its holdings in NextEra Energy by 1,925.1% during the 2nd quarter. William Blair Investment Management LLC now owns 347,876 shares of the utilities provider’s stock worth $24,633,000 after acquiring an additional 330,698 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of NextEra Energy by 5.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,893 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 200 shares during the period. Finally, Plato Investment Management Ltd grew its stake in shares of NextEra Energy by 262.2% in the second quarter. Plato Investment Management Ltd now owns 920 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 666 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.8 %

NYSE NEE opened at $66.85 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The business has a 50 day moving average price of $74.00 and a 200-day moving average price of $77.28. The company has a market cap of $137.47 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.66 and a beta of 0.58.

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 analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business posted $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $87.15.

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.