Sanctuary Advisors LLC Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Sanctuary Advisors LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,380 shares of the utilities provider's stock after purchasing an additional 59,175 shares during the period. Sanctuary Advisors LLC's holdings in NextEra Energy were worth $43,142,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NEE. International Assets Investment Management LLC increased its position in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock valued at $326,388,000 after buying an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock valued at $200,065,000 after purchasing an additional 2,309,876 shares during the period. Raymond James & Associates boosted its position in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. LGT Group Foundation grew its stake in NextEra Energy by 962.8% in the second quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider's stock worth $107,240,000 after purchasing an additional 1,371,982 shares during the period. Finally, National Bank of Canada FI raised its holdings in NextEra Energy by 167.7% in the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock worth $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NEE shares. Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Dbs Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Morgan Stanley cut their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. 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 note on Friday, October 18th. Finally, Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $87.15.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.76 during midday trading on Thursday, hitting $73.22. 6,770,715 shares of the stock traded hands, compared to its average volume of 10,809,233. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a market capitalization of $150.57 billion, a P/E ratio of 21.89, a PEG ratio of 2.72 and a beta of 0.56. The firm has a 50-day moving average of $78.85 and a two-hundred day moving average of $77.79.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the business earned $0.94 earnings per share. NextEra Energy's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.81%. NextEra Energy's payout ratio is 60.95%.

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.