Vestor Capital LLC Buys 3,137 Shares of NextEra Energy, Inc. $NEE

Vestor Capital LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 443.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,844 shares of the utilities provider’s stock after purchasing an additional 3,137 shares during the period. Vestor Capital LLC’s holdings in NextEra Energy were worth $267,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Daymark Wealth Partners LLC lifted its holdings in NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 2,767 shares during the period. Avity Investment Management Inc. increased its holdings in shares of NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after acquiring an additional 8,565 shares during the period. Dillon & Associates Inc. raised its position in shares of NextEra Energy by 8.4% in the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after acquiring an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC lifted its stake in shares of NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 7,645 shares during the last quarter. Finally, Integrity Alliance LLC. lifted its stake in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BTIG Research reiterated a “buy” rating on shares of NextEra Energy in a research note on Monday, October 27th. Argus set a $90.00 price target on shares of NextEra Energy in a report on Wednesday, October 29th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research note on Monday, November 17th. Finally, Mizuho lifted their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.63.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $83.41 on Monday. The company has a 50 day moving average price of $80.87 and a 200 day moving average price of $75.32. The firm has a market capitalization of $173.71 billion, a P/E ratio of 26.56, a PEG ratio of 2.76 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly 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. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS 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 paid a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is owned by insiders.

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.