Concord Asset Management LLC VA Buys 8,023 Shares of NextEra Energy, Inc. (NYSE:NEE)

Concord Asset Management LLC VA lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 41,845 shares of the utilities provider's stock after buying an additional 8,023 shares during the quarter. Concord Asset Management LLC VA's holdings in NextEra Energy were worth $3,537,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NEE. Proffitt & Goodson Inc. increased its position in NextEra Energy by 64.0% in 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 period. Semmax Financial Advisors Inc. boosted its position 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 purchasing an additional 225 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy in the 2nd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $39,000. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $86.54.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $1.07 during trading on Friday, reaching $76.35. The stock had a trading volume of 12,930,527 shares, compared to its average volume of 12,391,344. The stock has a fifty day simple moving average of $81.53 and a two-hundred day simple moving average of $77.48. 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, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market capitalization of $157.01 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 2.76 and a beta of 0.57.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.70%. NextEra Energy's dividend payout ratio is 60.95%.

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.