NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Heritage Investment Group Inc.

Heritage Investment Group Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,560 shares of the utilities provider’s stock after acquiring an additional 168 shares during the quarter. Heritage Investment Group Inc.’s holdings in NextEra Energy were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NEE. Banco Santander S.A. increased its stake in shares of NextEra Energy by 20.4% during the first quarter. Banco Santander S.A. now owns 27,884 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 4,716 shares during the period. Intech Investment Management LLC grew its position in NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares during the last quarter. Patten & Patten Inc. TN grew its position in NextEra Energy by 2.3% in the first quarter. Patten & Patten Inc. TN now owns 192,134 shares of the utilities provider’s stock worth $12,279,000 after buying an additional 4,404 shares during the last quarter. Chiron Capital Management LLC grew its position in NextEra Energy by 18.6% in the first quarter. Chiron Capital Management LLC now owns 21,476 shares of the utilities provider’s stock worth $1,373,000 after buying an additional 3,365 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in NextEra Energy by 9.5% in the first quarter. Jacobi Capital Management LLC now owns 43,116 shares of the utilities provider’s stock worth $2,755,000 after buying an additional 3,744 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have 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 report on Tuesday, October 22nd. Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Scotiabank raised their price objective 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.54.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Up 1.4 %

Shares of NYSE:NEE traded up $1.07 during trading on Friday, reaching $76.35. 12,930,527 shares of the company traded hands, compared to its average volume of 10,952,575. The firm has a fifty day simple moving average of $81.53 and a 200 day simple moving average of $77.41. The firm has a market cap of $157.01 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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 net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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 paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s 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.