FFG Partners LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

FFG Partners LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 127,272 shares of the utilities provider's stock, valued at approximately $10,758,000. NextEra Energy comprises about 3.7% of FFG Partners LLC's holdings, making the stock its 11th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Legal & General Group Plc boosted its holdings in NextEra Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock worth $1,508,155,000 after buying an additional 143,748 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock worth $1,122,963,000 after buying an additional 86,758 shares during the period. Massachusetts Financial Services Co. MA increased its stake in NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock worth $729,559,000 after buying an additional 452,590 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in NextEra Energy by 14.3% during the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock valued at $575,573,000 after acquiring an additional 851,873 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 0.5 %

Shares of NEE stock traded up $0.40 during trading hours on Friday, reaching $73.62. 7,671,173 shares of the stock were exchanged, compared to its average volume of 10,796,225. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market capitalization of $151.39 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. The company's 50-day moving average price is $78.41 and its 200-day moving average price is $77.74.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly 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 firm 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%. NextEra Energy'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 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio is presently 60.95%.

Analyst Ratings Changes

Several analysts recently issued reports on NEE shares. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a "hold" rating and a $87.00 price target for the company. Finally, BMO Capital Markets upped their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $87.15.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by company insiders.

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.