Landscape Capital Management L.L.C. Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

Landscape Capital Management L.L.C. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,864 shares of the utilities provider's stock after buying an additional 7,669 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in NextEra Energy were worth $4,807,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Proffitt & Goodson Inc. increased its stake 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 worth $26,000 after acquiring an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. boosted its holdings in NextEra Energy by 197.4% in 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 during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the third quarter valued at approximately $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction dated 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 of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $76.87 on Thursday. The firm has a market cap of $158.08 billion, a P/E ratio of 22.74, a PEG ratio of 2.78 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The stock's 50-day moving average is $81.20 and its two-hundred day moving average is $77.64.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.68%. NextEra Energy's payout ratio is 60.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Bank of America lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Morgan Stanley lifted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Hold" and an average target price of $86.54.

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.

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