Garden State Investment Advisory Services LLC Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Garden State Investment Advisory Services LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,750 shares of the utilities provider’s stock after acquiring an additional 529 shares during the period. Garden State Investment Advisory Services LLC’s holdings in NextEra Energy were worth $487,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Coastwise Capital Group LLC increased its holdings in NextEra Energy by 2.8% in the 3rd quarter. Coastwise Capital Group LLC now owns 6,071 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 167 shares in the last quarter. Community Bank N.A. boosted its position in shares of NextEra Energy by 1.4% in the third quarter. Community Bank N.A. now owns 55,543 shares of the utilities provider’s stock worth $4,695,000 after buying an additional 740 shares during the period. Ascent Group LLC grew its stake in shares of NextEra Energy by 43.5% in the third quarter. Ascent Group LLC now owns 51,354 shares of the utilities provider’s stock valued at $4,341,000 after buying an additional 15,568 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of NextEra Energy by 412.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 284,464 shares of the utilities provider’s stock valued at $24,047,000 after buying an additional 228,973 shares during the period. Finally, Atom Investors LP purchased a new position in NextEra Energy in the 3rd quarter worth approximately $538,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company upped 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. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Price Performance

Shares of NEE opened at $78.75 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 current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market cap of $161.94 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.84 and a beta of 0.57. The stock has a 50 day moving average of $80.32 and a 200-day moving average of $77.85.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

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.