ETF Store Inc. Invests $227,000 in NextEra Energy, Inc. (NYSE:NEE)

ETF Store Inc. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,682 shares of the utilities provider’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Richard C. Young & CO. LTD. grew its stake in shares of NextEra Energy by 443.7% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 91,137 shares of the utilities provider’s stock worth $7,704,000 after acquiring an additional 74,375 shares during the period. Quest Partners LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth $183,000. Aljian Capital Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth $397,000. Planning Directions Inc. bought a new position in NextEra Energy in the 3rd quarter worth about $273,000. Finally, Prudent Man Advisors LLC boosted its stake in NextEra Energy by 2.1% in the 3rd quarter. Prudent Man Advisors LLC now owns 24,929 shares of the utilities provider’s stock worth $2,107,000 after purchasing an additional 515 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NEE shares. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Wells Fargo & Company raised their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

Shares of NEE opened at $76.35 on Monday. The company has a market cap of $157.01 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. 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 stock has a 50-day moving average price of $81.53 and a 200-day moving average price of $77.55. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company 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 11.94% and a net margin of 26.49%. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.94 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date 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 is 60.95%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

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.