Reston Wealth Management LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Reston Wealth Management LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 317 shares of the utilities provider’s stock, valued at approximately $27,000.

Other large investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% in 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 in the last quarter. Proffitt & Goodson Inc. raised 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 worth $26,000 after purchasing an additional 144 shares during the period. Valley Wealth Managers Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at about $33,000. Maryland Capital Advisors Inc. bought a new stake in NextEra Energy in the 3rd quarter valued at about $39,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of NextEra Energy during the third quarter valued at about $45,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 2.4 %

NextEra Energy stock opened at $77.35 on Friday. The firm has a market cap of $159.06 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The business’s 50-day moving average price is $82.39 and its 200 day moving average price is $76.67. 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 (NYSE:NEE) last released its 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 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.66%. NextEra Energy’s payout ratio is presently 60.95%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley boosted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $86.54.

About NextEra Energy

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.