Brophy Wealth Management LLC Purchases Shares of 13,065 NextEra Energy, Inc. (NYSE:NEE)

Brophy Wealth Management LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,065 shares of the utilities provider's stock, valued at approximately $1,104,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Lantz Financial LLC lifted its stake in shares of NextEra Energy by 16.0% in the second quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider's stock worth $924,000 after acquiring an additional 1,795 shares in the last quarter. Diversified Trust Co lifted its stake in shares of NextEra Energy by 1.8% in the second quarter. Diversified Trust Co now owns 27,385 shares of the utilities provider's stock worth $1,939,000 after acquiring an additional 489 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of NextEra Energy by 1.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider's stock worth $1,076,000 after acquiring an additional 146 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of NextEra Energy in the second quarter worth about $221,000. Finally, Key Client Fiduciary Advisors LLC lifted its stake in shares of NextEra Energy by 8.9% in the second quarter. Key Client Fiduciary Advisors LLC now owns 10,587 shares of the utilities provider's stock worth $750,000 after acquiring an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.52 during trading on Tuesday, hitting $74.18. 8,619,388 shares of the company traded hands, compared to its average volume of 10,839,397. The stock has a market capitalization of $152.54 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.72 and a beta of 0.56. The business's fifty day moving average is $79.30 and its 200-day moving average is $77.84. NextEra Energy, Inc. has a one year low of $53.95 and a one year 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.

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

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is 60.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $87.00 price objective on the stock. Finally, Guggenheim upped their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $86.85.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was 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 directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.

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.