Frank Rimerman Advisors LLC Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Frank Rimerman Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 14.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,531 shares of the utilities provider’s stock after acquiring an additional 4,062 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in NextEra Energy were worth $2,665,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Smith Salley Wealth Management lifted its holdings in shares of NextEra Energy by 3.6% during the third quarter. Smith Salley Wealth Management now owns 291,142 shares of the utilities provider’s stock valued at $24,610,000 after purchasing an additional 10,150 shares in the last quarter. Bristlecone Advisors LLC lifted its stake in NextEra Energy by 6.1% during the 3rd quarter. Bristlecone Advisors LLC now owns 37,557 shares of the utilities provider’s stock valued at $3,175,000 after acquiring an additional 2,169 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of NextEra Energy by 1.1% during the 3rd quarter. Modera Wealth Management LLC now owns 39,721 shares of the utilities provider’s stock valued at $3,358,000 after acquiring an additional 449 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of NextEra Energy by 60.6% in the third quarter. GHP Investment Advisors Inc. now owns 1,102 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 416 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in shares of NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after purchasing an additional 130 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NYSE:NEE opened at $81.43 on Friday. The business’s 50-day simple moving average is $82.36 and its two-hundred day simple moving average is $76.20. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The stock has a market cap of $167.37 billion, a PE ratio of 26.44, a P/E/G ratio of 3.03 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced 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. 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 2.53%. NextEra Energy’s dividend payout ratio is 66.88%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Guggenheim upped their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $86.54.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.