Proactive Wealth Strategies LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Proactive Wealth Strategies LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,409 shares of the utilities provider's stock, valued at approximately $711,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $27,000. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Proffitt & Goodson Inc. increased its stake in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 target price for the company. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Morgan Stanley increased their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Finally, Dbs Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of "Hold" and an average target price of $86.54.

NextEra Energy Stock Performance

NYSE NEE traded down $1.65 during trading hours on Tuesday, hitting $74.26. The company had a trading volume of 12,558,651 shares, compared to its average volume of 10,923,739. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $81.95 and a 200-day simple moving average of $77.33. The firm has a market cap of $152.71 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. Equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.77%. NextEra Energy's dividend payout ratio is currently 60.95%.

About NextEra Energy

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.