New Century Financial Group LLC Has $971,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

New Century Financial Group LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 37.3% during the third quarter, HoldingsChannel reports. The firm owned 11,481 shares of the utilities provider’s stock after acquiring an additional 3,116 shares during the quarter. New Century Financial Group LLC’s holdings in NextEra Energy were worth $971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&G Plc acquired a new position in NextEra Energy during the first quarter worth $303,065,000. Zimmer Partners LP increased its stake in shares of NextEra Energy by 8,447.5% during the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after purchasing an additional 2,703,200 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of NextEra Energy by 400.7% during the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after purchasing an additional 2,250,500 shares during the last quarter. Raymond James & Associates raised its holdings in shares of NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the period. Finally, LGT Group Foundation lifted its stake in NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after purchasing an additional 1,371,982 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, 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 at this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NEE shares. Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average target price of $83.64.

NextEra Energy Stock Up 0.7 %

NEE stock opened at $84.38 on Friday. The company has a market cap of $173.36 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. The business has a 50-day simple moving average of $81.81 and a 200 day simple moving average of $75.52.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the prior year, the firm posted $0.88 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

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.