Concord Wealth Partners Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Concord Wealth Partners raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 42,560 shares of the utilities provider's stock after buying an additional 6,475 shares during the period. Concord Wealth Partners' holdings in NextEra Energy were worth $3,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after acquiring an additional 225 shares during the period. Proffitt & Goodson Inc. boosted its position in 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. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the second quarter valued at approximately $33,000. Maryland Capital Advisors Inc. acquired a new stake in NextEra Energy in the third quarter valued at approximately $39,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 1.8 %

NYSE:NEE traded up $1.44 on Monday, hitting $82.87. The stock had a trading volume of 8,672,775 shares, compared to its average volume of 10,722,962. The company has a fifty day moving average price of $82.36 and a two-hundred day moving average price of $76.28. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock has a market cap of $170.26 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data 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 11.75% and a net margin of 24.45%. The firm had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The firm's quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 2.49%. NextEra Energy's dividend payout ratio (DPR) is presently 56.13%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm's 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 approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday. 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 price target on the stock. Finally, Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of "Hold" and a consensus target price of $86.54.

About NextEra Energy

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.