Nicholson Wealth Management Group LLC Acquires New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Nicholson Wealth Management Group LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,786 shares of the utilities provider's stock, valued at approximately $912,000.

A number of other large investors have also recently bought and sold shares of the stock. Proffitt & Goodson Inc. increased its position in shares of NextEra Energy by 64.0% during the 2nd 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. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after buying an additional 225 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $33,000. Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $39,000. Finally, Family Firm Inc. bought a new stake in NextEra Energy during the 2nd quarter worth approximately $40,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 1.7 %

Shares of NextEra Energy stock traded down $1.38 during trading hours on Friday, hitting $81.43. The company's stock had a trading volume of 6,375,808 shares, compared to its average volume of 10,733,501. The company has a market capitalization of $167.30 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a 50 day moving average of $82.30 and a 200 day moving average of $76.01. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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. The firm had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. Analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio is 56.13%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They set a "hold" rating and a $87.00 price objective for the company. Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd. Dbs Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $86.54.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company's stock, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company's stock.

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.