Global Assets Advisory LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Global Assets Advisory LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,020 shares of the utilities provider’s stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Brookstone Capital Management grew its position in shares of NextEra Energy by 19.8% during the 1st quarter. Brookstone Capital Management now owns 71,152 shares of the utilities provider’s stock worth $4,547,000 after buying an additional 11,777 shares in the last quarter. Sovereign Financial Group Inc. grew its position in shares of NextEra Energy by 8.4% during the 1st quarter. Sovereign Financial Group Inc. now owns 9,548 shares of the utilities provider’s stock worth $610,000 after buying an additional 741 shares in the last quarter. Aspiriant LLC grew its position in shares of NextEra Energy by 7.9% during the 1st quarter. Aspiriant LLC now owns 8,539 shares of the utilities provider’s stock worth $546,000 after buying an additional 623 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in NextEra Energy by 16.9% during the first quarter. Revolve Wealth Partners LLC now owns 4,431 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 640 shares in the last quarter. Finally, DGS Capital Management LLC bought a new stake in NextEra Energy during the first quarter valued at about $213,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.5 %

Shares of NEE stock opened at $84.96 on Thursday. The stock has a 50 day moving average of $82.19 and a 200 day moving average of $75.96. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $174.55 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a twelve month low of $53.11 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the business earned $0.94 earnings per share. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Bank of America raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average target price of $85.46.

Insider Buying and Selling at NextEra Energy

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