DRW Securities LLC Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

DRW Securities LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 575.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,806 shares of the utilities provider's stock after buying an additional 84,177 shares during the period. DRW Securities LLC's holdings in NextEra Energy were worth $8,352,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd raised its position in shares of NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after purchasing an additional 26,270 shares during the period. Swiss National Bank boosted its holdings in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider's stock valued at $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Ancora Advisors LLC raised its position in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider's stock valued at $5,112,000 after purchasing an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC raised its position in shares of NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock worth $5,130,000 after acquiring an additional 66,982 shares during the last quarter. Finally, Raymond James & Associates grew its position 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. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NEE shares. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target on the stock. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $86.85.

NextEra Energy Stock Up 0.2 %

Shares of NextEra Energy stock traded up $0.15 during trading on Monday, reaching $76.15. The company's stock had a trading volume of 4,189,625 shares, compared to its average volume of 10,863,107. 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 company has a market cap of $156.60 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.75 and a beta of 0.57. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a 50-day simple moving average of $80.90 and a two-hundred day simple moving average of $77.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results 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. The company had revenue of $7.57 billion during 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 firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.71%. NextEra Energy's dividend payout ratio is presently 60.95%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

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.