Nicola Wealth Management LTD. Acquires 2,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Nicola Wealth Management LTD. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,500 shares of the utilities provider’s stock after purchasing an additional 2,000 shares during the period. Nicola Wealth Management LTD.’s holdings in NextEra Energy were worth $3,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after acquiring an additional 143,748 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock worth $579,097,000 after buying an additional 691,341 shares during the period. Raymond James & Associates lifted its holdings in NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after buying an additional 851,873 shares during the period. Principal Financial Group Inc. lifted its holdings in NextEra Energy by 7.2% during the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after buying an additional 409,708 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in NextEra Energy by 6.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock worth $423,568,000 after buying an additional 388,149 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NEE shares. Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.54.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE traded up $0.37 during trading on Thursday, reaching $74.61. The stock had a trading volume of 1,220,829 shares, compared to its average volume of 10,886,798. The stock has a market cap of $153.43 billion, a PE ratio of 21.96, a PEG ratio of 2.68 and a beta of 0.57. 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, Inc. has a one year low of $53.95 and a one year high of $86.10. The business has a 50-day moving average of $81.70 and a 200-day moving average of $77.36.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is 60.95%.

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.