Tudor Financial Inc. Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Tudor Financial Inc. purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,779 shares of the utilities provider's stock, valued at approximately $742,000.

Other large investors have also recently made changes to their positions in the company. Proffitt & Goodson Inc. grew its stake in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. grew its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy during the 2nd quarter valued at about $33,000. Finally, Quarry LP purchased a new stake in NextEra Energy during the 3rd quarter valued at about $33,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

NYSE NEE traded down $0.76 during trading hours on Thursday, reaching $73.22. The company's stock had a trading volume of 6,770,715 shares, compared to its average volume of 10,808,420. The firm has a market capitalization of $150.57 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.72 and a beta of 0.56. 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 current ratio of 0.41 and a quick ratio of 0.33. The company's 50-day moving average is $78.85 and its two-hundred day moving average is $77.79.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. NextEra Energy's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued 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 dividend yield of 2.81%. NextEra Energy's payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NEE shares. Dbs Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. BMO Capital Markets upped their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 3rd. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 target price on the stock. Finally, Morgan Stanley lowered their target price 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $87.15.

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 completion of the transaction, the executive vice president now owns 15,792 shares of the company's stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

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.