Tidal Investments LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Tidal Investments LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 21.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,534 shares of the utilities provider's stock after buying an additional 10,460 shares during the quarter. Tidal Investments LLC's holdings in NextEra Energy were worth $4,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Reston Wealth Management LLC bought a new stake in NextEra Energy during the third quarter valued at $27,000. Semmax Financial Advisors Inc. boosted its position in shares of NextEra Energy by 197.4% during the 2nd 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 holdings in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after purchasing an additional 144 shares in the last quarter. Quarry LP bought a new position in shares of NextEra Energy in the third quarter worth approximately $33,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the second quarter worth approximately $33,000. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction 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 owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a "hold" rating and a $87.00 target price for the company. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday. 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. According to MarketBeat, NextEra Energy currently has a consensus rating of "Hold" and a consensus price target of $87.15.

NextEra Energy Trading Up 0.5 %

Shares of NextEra Energy stock traded up $0.40 on Friday, hitting $73.62. The stock had a trading volume of 7,671,173 shares, compared to its average volume of 10,796,225. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock's 50-day simple moving average is $78.41 and its two-hundred day simple moving average is $77.74. The stock has a market cap of $151.39 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.67 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last announced 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 business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.80%. 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.