NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,557 shares of the utilities provider’s stock after buying an additional 2,169 shares during the period. Bristlecone Advisors LLC’s holdings in NextEra Energy were worth $3,175,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NEE. Toth Financial Advisory Corp grew its stake in shares of NextEra Energy by 625.9% during the 1st quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 701 shares during the period. Alpha Omega Wealth Management LLC grew its position in NextEra Energy by 13.2% during the first quarter. Alpha Omega Wealth Management LLC now owns 8,227 shares of the utilities provider’s stock worth $526,000 after buying an additional 960 shares during the period. Vicus Capital increased its holdings in NextEra Energy by 57.1% in the first quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock valued at $419,000 after buying an additional 2,381 shares in the last quarter. Foguth Wealth Management LLC. purchased a new position in NextEra Energy in the first quarter valued at about $238,000. Finally, Cornerstone Wealth Group LLC boosted its stake in shares of NextEra Energy by 310.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 14,271 shares of the utilities provider’s stock worth $912,000 after acquiring an additional 10,791 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NEE. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Wells Fargo & Company upped their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Down 1.7 %

Shares of NYSE:NEE opened at $81.43 on Friday. 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 firm has a market cap of $167.37 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.03 and a beta of 0.56. The stock’s 50-day moving average price is $82.36 and its two-hundred day moving average price is $76.20. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10.

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

NextEra Energy Announces Dividend

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 issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.53%. NextEra Energy’s payout ratio is 66.88%.

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.