BKM Wealth Management LLC Acquires 2,949 Shares of NextEra Energy, Inc. (NYSE:NEE)

BKM Wealth Management LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,333 shares of the utilities provider’s stock after purchasing an additional 2,949 shares during the period. BKM Wealth Management LLC’s holdings in NextEra Energy were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wealthcare Advisory Partners LLC increased its stake in shares of NextEra Energy by 23.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider’s stock worth $1,475,000 after purchasing an additional 4,401 shares during the period. Astoria Portfolio Advisors LLC. lifted its stake in NextEra Energy by 4.4% during the first quarter. Astoria Portfolio Advisors LLC. now owns 4,718 shares of the utilities provider’s stock worth $296,000 after purchasing an additional 200 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of NextEra Energy by 625.9% in the 1st quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 701 shares in the last quarter. Alpha Omega Wealth Management LLC increased its stake in shares of NextEra Energy by 13.2% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 8,227 shares of the utilities provider’s stock valued at $526,000 after purchasing an additional 960 shares during the last quarter. Finally, Vicus Capital raised its holdings in shares of NextEra Energy by 57.1% during the 1st quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock worth $419,000 after buying an additional 2,381 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.7 %

NextEra Energy stock opened at $81.43 on Friday. The firm has a market capitalization of $167.30 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The firm’s fifty day moving average price is $82.36 and its two-hundred day moving average price is $76.12. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

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

NextEra Energy Dividend Announcement

The company also recently declared 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 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is currently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays raised 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. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price 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.