Silver Oak Securities Incorporated Has $524,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Silver Oak Securities Incorporated lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 333.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,198 shares of the utilities provider’s stock after purchasing an additional 4,767 shares during the quarter. Silver Oak Securities Incorporated’s holdings in NextEra Energy were worth $524,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Moody Lynn & Lieberson LLC lifted its stake in shares of NextEra Energy by 12.0% in the third quarter. Moody Lynn & Lieberson LLC now owns 11,730 shares of the utilities provider’s stock worth $992,000 after buying an additional 1,258 shares during the last quarter. Harbour Trust & Investment Management Co increased its position in NextEra Energy by 2.0% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 112,987 shares of the utilities provider’s stock worth $9,551,000 after buying an additional 2,256 shares during the period. Nicholson Wealth Management Group LLC acquired a new position in shares of NextEra Energy during the third quarter worth approximately $912,000. Legacy Capital Group California Inc. bought a new stake in shares of NextEra Energy in the third quarter valued at approximately $519,000. Finally, Spirit of America Management Corp NY increased its position in NextEra Energy by 9.7% during the third quarter. Spirit of America Management Corp NY now owns 42,375 shares of the utilities provider’s stock worth $3,582,000 after acquiring an additional 3,750 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NEE shares. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley raised their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.54.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $81.43 on Friday. The stock’s fifty day moving average is $82.36 and its 200-day moving average is $76.20. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The stock has a market capitalization of $167.37 billion, a PE ratio of 26.44, a PEG ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the company posted $0.94 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is 66.88%.

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.