Drive Wealth Management LLC Buys 145 Shares of NextEra Energy, Inc. (NYSE:NEE)

Drive Wealth Management LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,332 shares of the utilities provider’s stock after purchasing an additional 145 shares during the period. Drive Wealth Management LLC’s holdings in NextEra Energy were worth $451,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NEE. Catalytic Wealth RIA LLC purchased a new stake in NextEra Energy in the 1st quarter worth about $212,000. Rockport Wealth LLC purchased a new position in shares of NextEra Energy in the first quarter worth about $231,000. O Shaughnessy Asset Management LLC increased its stake in shares of NextEra Energy by 26.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 147,600 shares of the utilities provider’s stock worth $9,433,000 after purchasing an additional 30,457 shares in the last quarter. PYA Waltman Capital LLC raised its position in shares of NextEra Energy by 10.4% in the first quarter. PYA Waltman Capital LLC now owns 12,176 shares of the utilities provider’s stock valued at $778,000 after purchasing an additional 1,143 shares during the period. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $334,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $76.35 on Monday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a fifty day moving average of $81.53 and a 200-day moving average of $77.55. The company has a market capitalization of $157.01 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last issued its quarterly 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. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm 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 of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.70%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their target price 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. Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently 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.