WFA of San Diego LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

WFA of San Diego LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,700 shares of the utilities provider’s stock, valued at approximately $126,000.

Several other large investors have also recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of NextEra Energy by 97,599.1% during the second 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 purchasing an additional 1,315,848,115 shares during the period. Geode Capital Management LLC grew its holdings in shares of 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 valued at $2,708,599,000 after acquiring an additional 749,254 shares in the last quarter. Norges Bank purchased a new position in shares of NextEra Energy during the 4th quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC increased its stake in shares of NextEra Energy by 66,613.3% in the fourth 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of NextEra Energy by 1.6% during the third 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 owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, major shareholder Nextera Energy Inc bought 3,097,524 shares of the stock in a transaction dated Friday, October 6th. The shares were acquired at an average price of $24.21 per share, with a total value of $74,991,056.04. Following the acquisition, the insider now owns 4,097,524 shares in the company, valued at $99,201,056.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on NEE. Royal Bank of Canada reduced their price target on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Morgan Stanley decreased their target price on shares of NextEra Energy from $91.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Seaport Res Ptn lowered shares of NextEra Energy from a “neutral” rating to a “sell” rating in a research note on Thursday, November 9th. BMO Capital Markets lowered their target price on shares of NextEra Energy from $88.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, September 28th. Finally, Scotiabank reduced their price target on NextEra Energy from $105.00 to $96.00 in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $74.31.

NextEra Energy Stock Performance

NEE traded down $0.56 on Monday, hitting $56.81. 912,266 shares of the stock traded hands, compared to its average volume of 9,994,612. The business has a fifty day moving average price of $58.16 and a two-hundred day moving average price of $67.32. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $116.56 billion, a PE ratio of 15.18, a P/E/G ratio of 2.23 and a beta of 0.54. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $88.61.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 24th. The utilities provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. NextEra Energy had a return on equity of 12.15% and a net margin of 27.82%. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the company posted $0.85 earnings per share. NextEra Energy’s revenue was up 6.7% on a year-over-year basis. On average, research analysts predict that NextEra Energy, Inc. will post 3.12 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.4675 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.87 annualized dividend and a dividend yield of 3.29%. NextEra Energy’s dividend payout ratio is currently 49.47%.

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, 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.