Blake Schutter Theil Wealth Advisors LLC Invests $1.24 Million in NextEra Energy, Inc. (NYSE:NEE)

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,638 shares of the utilities provider’s stock, valued at approximately $1,237,000. NextEra Energy comprises about 0.9% of Blake Schutter Theil Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the third quarter valued at $27,000. Semmax Financial Advisors Inc. boosted its position 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 purchasing an additional 225 shares during the period. Proffitt & Goodson Inc. increased its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the period. Valley Wealth Managers Inc. acquired a new position in NextEra Energy during the second quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on NEE shares. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Trading Down 5.3 %

Shares of NEE opened at $74.52 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average is $82.22 and its two-hundred day moving average is $77.05. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The firm has a market capitalization of $153.24 billion, a P/E ratio of 22.05, a PEG ratio of 2.83 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.76%. NextEra Energy’s dividend payout ratio is presently 60.95%.

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.