Nicholson Wealth Management Group LLC Purchases Shares of 10,786 NextEra Energy, Inc. (NYSE:NEE)

Nicholson Wealth Management Group LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,786 shares of the utilities provider’s stock, valued at approximately $912,000.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Sycomore Asset Management lifted its stake in NextEra Energy by 0.3% during the second quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after buying an additional 131 shares in the last quarter. BCK Partners Inc. boosted its stake in NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 135 shares during the period. Zhang Financial LLC grew its position in NextEra Energy by 3.0% during the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 135 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in NextEra Energy by 1.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock valued at $619,000 after purchasing an additional 138 shares during the period. Finally, Renasant Bank lifted its holdings in shares of NextEra Energy by 1.0% in the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 142 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup upped their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Scotiabank increased their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday. One 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.com, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $86.38.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $82.82 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market capitalization of $170.16 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.92 and a beta of 0.56. The business has a 50-day moving average of $82.19 and a two-hundred day moving average of $75.96. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10.

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

NextEra Energy Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.