Portfolio Design Labs LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Portfolio Design Labs LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,779 shares of the utilities provider's stock, valued at approximately $1,672,000.

Several other institutional investors have also recently made changes to their positions in the company. Tandem Capital Management Corp ADV raised its position in shares of NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after acquiring an additional 125 shares in the last quarter. Taylor & Morgan Wealth Management LLC lifted its position in shares of NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock valued at $655,000 after buying an additional 126 shares during the last quarter. Insight Folios Inc boosted its holdings in shares of NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock valued at $713,000 after buying an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC raised its stake in shares of NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock worth $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on NEE shares. Morgan Stanley increased their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 target price for the company. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $86.54.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Trading Down 0.3 %

Shares of NextEra Energy stock traded down $0.21 on Wednesday, reaching $76.87. The company had a trading volume of 7,065,097 shares, compared to its average volume of 10,913,441. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a market cap of $158.08 billion, a PE ratio of 22.83, a PEG ratio of 2.76 and a beta of 0.57. The firm's 50 day moving average price is $81.33 and its two-hundred day moving average price is $77.65. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

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 company had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The firm's revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.68%. NextEra Energy's payout ratio is currently 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.