NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its position in NextEra Energy, Inc. (NYSE:NEE) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,695 shares of the utilities provider’s stock after purchasing an additional 11,106 shares during the quarter. Cetera Investment Advisers’ holdings in NextEra Energy were worth $8,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich raised its stake in NextEra Energy by 97,599.1% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,317,196,332 shares of the utilities provider’s stock worth $97,735,968,000 after acquiring an additional 1,315,848,115 shares in the last quarter. Geode Capital Management LLC raised its stake in NextEra Energy by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 35,233,291 shares of the utilities provider’s stock worth $2,708,599,000 after acquiring an additional 749,254 shares in the last quarter. Norges Bank acquired a new stake in NextEra Energy during the 4th quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC raised its stake in NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after acquiring an additional 30,218,452 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in NextEra Energy by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock worth $1,538,947,000 after acquiring an additional 315,356 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.0 %

Shares of NYSE:NEE opened at $57.00 on Thursday. The company has a market cap of $116.95 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.14 and a beta of 0.54. The firm’s 50-day simple moving average is $58.54 and its 200-day simple moving average is $67.64. The company has a quick ratio of 0.43, a current ratio of 0.50 and a debt-to-equity ratio of 1.05. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $88.61.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.08. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a net margin of 27.82% and a return on equity of 12.15%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.12 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 49.47%.

Analyst Ratings Changes

Several equities research analysts recently commented on NEE shares. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Scotiabank dropped their price objective on shares of NextEra Energy from $105.00 to $96.00 in a research note on Thursday, September 28th. Evercore ISI dropped their price objective on shares of NextEra Energy from $80.00 to $66.00 and set an “in-line” rating on the stock in a research note on Friday, October 20th. Mizuho dropped their price objective on shares of NextEra Energy from $91.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, September 28th. Finally, TheStreet lowered shares of NextEra Energy from a “b-” rating to a “c+” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.31.

Insider Buying and Selling

In related news, major shareholder Nextera Energy Inc acquired 3,097,524 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were purchased at an average price of $24.21 per share, with a total value of $74,991,056.04. Following the completion of the acquisition, the insider now owns 4,097,524 shares in the company, valued at $99,201,056.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% 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, coal, and natural gas facilities. 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.