West Family Investments Inc. Acquires 2,608 Shares of NextEra Energy, Inc. $NEE

West Family Investments Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 91.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,462 shares of the utilities provider’s stock after acquiring an additional 2,608 shares during the quarter. West Family Investments Inc.’s holdings in NextEra Energy were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NEE. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of NextEra Energy by 1.8% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,780 shares of the utilities provider’s stock valued at $1,402,000 after buying an additional 349 shares during the period. Howland Capital Management LLC lifted its holdings in shares of NextEra Energy by 22.1% in the first quarter. Howland Capital Management LLC now owns 9,739 shares of the utilities provider’s stock worth $690,000 after buying an additional 1,765 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its holdings in shares of NextEra Energy by 293.5% in the first quarter. Alberta Investment Management Corp now owns 179,812 shares of the utilities provider’s stock worth $12,747,000 after buying an additional 134,112 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 168,168 shares of company stock valued at $13,917,670. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on NEE shares. TD Cowen initiated coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. Morgan Stanley cut their price target on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Three equities 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 stock currently has an average rating of “Moderate Buy” and an average target price of $90.63.

NextEra Energy Stock Performance

NextEra Energy stock opened at $86.13 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. 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. The firm’s fifty day moving average price is $82.33 and its 200-day moving average price is $75.82.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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