NS Partners Ltd Purchases 9,444 Shares of NextEra Energy, Inc. (NYSE:NEE)

NS Partners Ltd grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 487,711 shares of the utilities provider's stock after purchasing an additional 9,444 shares during the period. NextEra Energy makes up about 1.7% of NS Partners Ltd's investment portfolio, making the stock its 15th largest position. NS Partners Ltd's holdings in NextEra Energy were worth $41,226,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Commerce Bank grew its stake in NextEra Energy by 1.4% during the 3rd quarter. Commerce Bank now owns 843,834 shares of the utilities provider's stock valued at $71,329,000 after purchasing an additional 11,835 shares in the last quarter. MWA Asset Management bought a new position in shares of NextEra Energy during the third quarter worth about $229,000. Segall Bryant & Hamill LLC acquired a new position in NextEra Energy in the third quarter worth about $4,055,000. Prospera Private Wealth LLC acquired a new stake in NextEra Energy during the third quarter valued at approximately $177,000. Finally, West Family Investments Inc. grew its position in shares of NextEra Energy by 45.2% in the 3rd quarter. West Family Investments Inc. now owns 5,992 shares of the utilities provider's stock worth $507,000 after acquiring an additional 1,864 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction dated 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. This trade represents 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 the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Down 0.3 %

Shares of NEE traded down $0.20 during midday trading on Wednesday, hitting $76.88. The stock had a trading volume of 3,963,935 shares, compared to its average volume of 10,899,659. 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 current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market cap of $158.10 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The business has a 50-day simple moving average of $81.33 and a two-hundred day simple moving average of $77.65.

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

NextEra Energy Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 price target on the stock. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. BMO Capital Markets increased 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. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Finally, Dbs Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of "Hold" and a consensus target price of $86.54.

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.