J.W. Cole Advisors Inc. Has $4.18 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

J.W. Cole Advisors Inc. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,459 shares of the utilities provider’s stock after selling 1,086 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in NextEra Energy were worth $4,181,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NEE. M&G Plc acquired a new position in NextEra Energy during the first quarter worth about $303,065,000. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after buying an additional 3,817,037 shares during the period. Zimmer Partners LP increased its stake in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after buying an additional 2,703,200 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after buying an additional 2,309,876 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after buying an additional 2,250,500 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Down 1.7 %

Shares of NextEra Energy stock traded down $1.38 on Friday, reaching $81.43. 6,581,101 shares of the company’s stock were exchanged, compared to its average volume of 8,940,641. The company has a market capitalization of $167.37 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 3.03 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 firm’s 50-day moving average is $82.36 and its two-hundred day moving average is $76.20. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last posted its quarterly 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. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 EPS. Sell-side 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 66.88%.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday. BMO Capital Markets upped their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley upped their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.54.

NextEra Energy Company 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.