Kestra Investment Management LLC Acquires New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Kestra Investment Management LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,168 shares of the utilities provider’s stock, valued at approximately $690,000.

Several other hedge funds also recently modified their holdings of NEE. Quent Capital LLC boosted its stake in shares of NextEra Energy by 11.6% during the 2nd quarter. Quent Capital LLC now owns 5,594 shares of the utilities provider’s stock worth $396,000 after acquiring an additional 580 shares in the last quarter. Lynx Investment Advisory acquired a new position in NextEra Energy during the second quarter valued at approximately $140,000. Fulton Bank N.A. raised its position in shares of NextEra Energy by 24.6% in the second quarter. Fulton Bank N.A. now owns 22,962 shares of the utilities provider’s stock valued at $1,626,000 after purchasing an additional 4,530 shares during the period. Olistico Wealth LLC bought a new position in shares of NextEra Energy in the second quarter valued at approximately $122,000. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of NextEra Energy by 44.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 105,757 shares of the utilities provider’s stock worth $7,489,000 after buying an additional 32,478 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NEE stock opened at $78.67 on Monday. The company has a market capitalization of $161.78 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.84 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a 50 day moving average of $80.32 and a two-hundred day moving average of $77.85.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the business earned $0.94 earnings per share. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NEE. Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Scotiabank increased their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Bank of America lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.85.

NextEra Energy 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.