Alpha DNA Investment Management LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Alpha DNA Investment Management LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 89.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,965 shares of the utilities provider's stock after acquiring an additional 24,478 shares during the quarter. NextEra Energy comprises approximately 1.6% of Alpha DNA Investment Management LLC's investment portfolio, making the stock its 5th biggest holding. Alpha DNA Investment Management LLC's holdings in NextEra Energy were worth $4,393,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Border to Coast Pensions Partnership Ltd grew its holdings in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after acquiring an additional 26,270 shares during the period. Swiss National Bank boosted its position in shares of NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider's stock worth $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider's stock valued at $5,112,000 after buying an additional 7,677 shares during the period. Magnolia Capital Advisors LLC increased its position in shares of NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock valued at $5,130,000 after buying an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates raised its stake in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock worth $421,831,000 after buying an additional 2,163,437 shares during the period. 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 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 sale, the executive vice president now directly owns 15,792 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Down 1.1 %

NextEra Energy stock traded down $0.84 during trading hours on Friday, reaching $76.00. The company had a trading volume of 8,165,408 shares, compared to its average volume of 12,459,021. 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 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market cap of $156.29 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.79 and a beta of 0.57. The company has a 50-day moving average price of $80.90 and a 200 day moving average price of $77.71.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS 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 company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.71%. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 target price on the stock. Finally, Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $86.85.

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.