Lido Advisors LLC Purchases 82,913 Shares of NextEra Energy, Inc. $NEE

Lido Advisors LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 47.2% in the second quarter, Holdings Channel.com reports. The firm owned 258,466 shares of the utilities provider’s stock after purchasing an additional 82,913 shares during the quarter. Lido Advisors LLC’s holdings in NextEra Energy were worth $17,943,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NEE. First National Advisers LLC boosted its stake in NextEra Energy by 1.9% in the second quarter. First National Advisers LLC now owns 97,270 shares of the utilities provider’s stock worth $6,752,000 after buying an additional 1,792 shares in the last quarter. Stablepoint Partners LLC lifted its holdings in shares of NextEra Energy by 2.3% in the 2nd quarter. Stablepoint Partners LLC now owns 130,291 shares of the utilities provider’s stock worth $9,045,000 after acquiring an additional 2,900 shares during the last quarter. West Family Investments Inc. boosted its stake in shares of NextEra Energy by 91.4% in the 2nd quarter. West Family Investments Inc. now owns 5,462 shares of the utilities provider’s stock valued at $379,000 after purchasing an additional 2,608 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of NextEra Energy by 18.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after purchasing an additional 1,701,648 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in NextEra Energy by 18.5% in the 2nd quarter. Mackenzie Financial Corp now owns 727,724 shares of the utilities provider’s stock worth $50,519,000 after purchasing an additional 113,678 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 168,168 shares of company stock worth $13,917,670 over the last quarter. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of several analyst reports. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Citigroup reaffirmed a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Wolfe Research lowered their price objective on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. increased their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.63.

NextEra Energy Stock Performance

NYSE:NEE opened at $86.13 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm’s fifty day simple moving average is $82.33 and its 200 day simple moving average is $75.84. The stock has a market cap of $179.36 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53.

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

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is presently 71.97%.

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.