NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 443.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,137 shares of the utilities provider's stock after purchasing an additional 74,375 shares during the quarter. Richard C. Young & CO. LTD.'s holdings in NextEra Energy were worth $7,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Quest Partners LLC purchased a new position in NextEra Energy during the third quarter worth $183,000. Aljian Capital Management LLC bought a new position in NextEra Energy during the 3rd quarter valued at about $397,000. Planning Directions Inc. purchased a new stake in NextEra Energy in the 3rd quarter worth about $273,000. Prudent Man Advisors LLC lifted its stake in NextEra Energy by 2.1% in the third quarter. Prudent Man Advisors LLC now owns 24,929 shares of the utilities provider's stock worth $2,107,000 after purchasing an additional 515 shares during the last quarter. Finally, TrinityPoint Wealth LLC boosted its holdings in NextEra Energy by 2.7% during the 3rd quarter. TrinityPoint Wealth LLC now owns 24,339 shares of the utilities provider's stock valued at $2,057,000 after acquiring an additional 642 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NEE shares. Guggenheim upped their target price 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. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of "Hold" and a consensus target price of $86.54.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.12 during trading on Monday, reaching $76.23. The stock had a trading volume of 3,877,246 shares, compared to its average volume of 10,920,851. The business has a fifty day moving average price of $81.53 and a 200-day moving average price of $77.55. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. 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 stock has a market cap of $156.76 billion, a PE ratio of 22.59, a PEG ratio of 2.76 and a beta of 0.57.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. The firm 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%. NextEra Energy's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. 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.