World Investment Advisors Boosts Stake in NextEra Energy, Inc. $NEE

World Investment Advisors increased its position in NextEra Energy, Inc. (NYSE:NEE) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,987 shares of the utilities provider’s stock after buying an additional 3,299 shares during the period. World Investment Advisors’ holdings in NextEra Energy were worth $6,733,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Golden State Wealth Management LLC raised its position in NextEra Energy by 9.9% during the first quarter. Golden State Wealth Management LLC now owns 7,598 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 682 shares during the period. Sovran Advisors LLC purchased a new stake in NextEra Energy during the first quarter valued at approximately $231,000. Finally, Mather Group LLC. raised its position in NextEra Energy by 47.7% during the first quarter. Mather Group LLC. now owns 12,607 shares of the utilities provider’s stock valued at $894,000 after purchasing an additional 4,069 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Melius initiated coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Cowen initiated coverage on NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. BTIG Research reiterated a “buy” rating on shares of NextEra Energy in a report on Monday. Finally, TD Cowen initiated coverage on NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 23,028 shares of company stock worth $1,738,973. 0.20% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NEE opened at $81.67 on Thursday. The company has a market capitalization of $168.18 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The firm has a 50-day simple moving average of $77.09 and a 200-day simple moving average of $73.23. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

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.