Worth Financial Advisory Group LLC Buys New Position in NextEra Energy, Inc. (NYSE:NEE)

Worth Financial Advisory Group LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,378 shares of the utilities provider’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Proffitt & Goodson Inc. increased its stake 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 valued at $26,000 after acquiring an additional 144 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter valued at about $33,000. Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $39,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Up 1.8 %

NYSE NEE opened at $82.87 on Tuesday. The stock has a market cap of $170.26 billion, a PE ratio of 22.58, a P/E/G ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The business has a 50 day moving average price of $82.43 and a two-hundred day moving average price of $76.41. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.