Signature Estate & Investment Advisors LLC Purchases 86,748 Shares of NextEra Energy, Inc. (NYSE:NEE)

Signature Estate & Investment Advisors LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 792,780 shares of the utilities provider's stock after purchasing an additional 86,748 shares during the period. NextEra Energy accounts for 1.5% of Signature Estate & Investment Advisors LLC's portfolio, making the stock its 14th biggest position. Signature Estate & Investment Advisors LLC's holdings in NextEra Energy were worth $67,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Tandem Capital Management Corp ADV raised its stake in shares of NextEra Energy by 1.3% in the third 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 during the last quarter. Insight Folios Inc lifted its stake 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 purchasing an additional 126 shares during the period. Taylor & Morgan Wealth Management LLC lifted its stake in NextEra Energy by 1.7% in 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 period. Osborne Partners Capital Management LLC boosted its stake in 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 during the last quarter. Finally, Boston Trust Walden Corp boosted its position in shares of NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after purchasing an additional 130 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

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

NextEra Energy Price Performance

Shares of NEE stock traded up $1.05 during trading hours on Friday, reaching $76.33. The company's stock had a trading volume of 12,930,274 shares, compared to its average volume of 10,952,575. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market capitalization of $156.97 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.68 and a beta of 0.57. The firm's 50 day simple moving average is $81.60 and its 200-day simple moving average is $77.35.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the business posted $0.94 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. NextEra Energy's dividend payout ratio is 60.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NEE shares. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Jefferies Financial Group assumed 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, Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a report on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.