NextEra Energy, Inc. $NEE Shares Bought by United Advisor Group LLC

United Advisor Group LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 30.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,183 shares of the utilities provider’s stock after acquiring an additional 977 shares during the period. United Advisor Group LLC’s holdings in NextEra Energy were worth $290,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NEE. First American Trust FSB lifted its stake in NextEra Energy by 3.5% during the second quarter. First American Trust FSB now owns 148,330 shares of the utilities provider’s stock worth $10,297,000 after purchasing an additional 5,057 shares during the last quarter. Vanguard Group Inc. raised its stake in NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after acquiring an additional 5,554,603 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in NextEra Energy by 12.7% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 4,886 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 551 shares during the last quarter. Nordwand Advisors LLC bought a new position in NextEra Energy in the second quarter worth about $2,964,000. Finally, WBI Investments LLC acquired a new position in NextEra Energy in the second quarter valued at approximately $1,089,000. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,168 shares of company stock valued at $13,917,670 in the last three months. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. New Street Research set a $84.00 price target on NextEra Energy in a research report on Monday, October 13th. HSBC upped their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. TD Cowen began coverage on NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Finally, Citigroup reaffirmed a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.53.

NextEra Energy Trading Down 0.3%

NextEra Energy stock opened at $84.37 on Thursday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market capitalization of $175.72 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The firm has a 50 day simple moving average of $80.38 and a 200-day simple moving average of $75.02.

NextEra Energy (NYSE:NEE) last announced 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 for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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 dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

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.