Geode Capital Management LLC Purchases 820,704 Shares of NextEra Energy, Inc. (NYSE:NEE)

Geode Capital Management LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,418,748 shares of the utilities provider's stock after buying an additional 820,704 shares during the period. Geode Capital Management LLC owned about 2.06% of NextEra Energy worth $3,571,650,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Semmax Financial Advisors Inc. lifted its stake in NextEra Energy by 197.4% in the second 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. grew its position in shares of 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. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $33,000. Finally, Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at about $33,000. Institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business's 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 sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. Wells Fargo & Company upped 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. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. Barclays lifted their price objective 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. BMO Capital Markets raised their target price 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. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of "Hold" and a consensus price target of $86.85.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.56 during midday trading on Tuesday, hitting $74.14. The stock had a trading volume of 8,591,220 shares, compared to its average volume of 10,839,252. The company's 50-day moving average price is $79.30 and its 200-day moving average price is $77.84. NextEra Energy, Inc. has a fifty-two week low of $53.95 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 company has a market capitalization of $152.46 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.72 and a beta of 0.56.

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 for the quarter, beating 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 firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the business posted $0.94 EPS. The company's revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS 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. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is presently 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.