11,393 Shares in NextEra Energy (NYSE:NEE) Purchased by Financial Advocates Investment Management

Financial Advocates Investment Management acquired a new stake in shares of NextEra Energy (NYSE:NEE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,393 shares of the utilities provider’s stock, valued at approximately $1,779,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of NextEra Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after acquiring an additional 73,790 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in NextEra Energy by 6.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock worth $619,764,000 after purchasing an additional 243,649 shares during the last quarter. Bank of New York Mellon Corp raised its position in NextEra Energy by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock worth $610,314,000 after purchasing an additional 41,226 shares during the last quarter. Legal & General Group Plc raised its position in NextEra Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock worth $406,375,000 after purchasing an additional 76,379 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in NextEra Energy by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock worth $416,096,000 after purchasing an additional 26,147 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors.

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A number of analysts have commented on NEE shares. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a report on Wednesday. Morgan Stanley reduced their target price on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, March 8th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. UBS assumed coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $177.00 target price for the company. Finally, Guggenheim reissued a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $163.80.

Shares of NYSE:NEE opened at $162.75 on Friday. NextEra Energy has a 12-month low of $128.31 and a 12-month high of $164.71. The company has a market cap of $77,210.21, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.24. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts expect that NextEra Energy will post 7.73 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $1.11 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 26th. This represents a $4.44 annualized dividend and a dividend yield of 2.73%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.

In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Miguel Arechabala sold 5,093 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $157.80, for a total transaction of $803,675.40. The disclosure for this sale can be found here. Insiders have sold a total of 62,245 shares of company stock worth $9,783,623 in the last quarter. 0.53% of the stock is currently owned by company insiders.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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