Fortis Advisors LLC Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Fortis Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,857 shares of the utilities provider’s stock after purchasing an additional 957 shares during the period. Fortis Advisors LLC’s holdings in NextEra Energy were worth $420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GHP Investment Advisors Inc. grew its stake in shares of NextEra Energy by 219.1% during the 2nd quarter. GHP Investment Advisors Inc. now owns 686 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 471 shares during the period. Thoroughbred Financial Services LLC increased its holdings in NextEra Energy by 44.0% in the second quarter. Thoroughbred Financial Services LLC now owns 13,266 shares of the utilities provider’s stock valued at $939,000 after buying an additional 4,051 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of NextEra Energy by 1,925.1% during the 2nd quarter. William Blair Investment Management LLC now owns 347,876 shares of the utilities provider’s stock valued at $24,633,000 after acquiring an additional 330,698 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in shares of NextEra Energy by 5.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,893 shares of the utilities provider’s stock worth $276,000 after acquiring an additional 200 shares in the last quarter. Finally, Plato Investment Management Ltd grew its holdings in shares of NextEra Energy by 262.2% in the 2nd quarter. Plato Investment Management Ltd now owns 920 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 666 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.8 %

Shares of NYSE:NEE opened at $66.85 on Tuesday. The stock has a 50-day simple moving average of $74.00 and a 200-day simple moving average of $77.28. The stock has a market capitalization of $137.47 billion, a P/E ratio of 19.78, a PEG ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the company posted $0.94 earnings per share. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.15.

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.