Wilmington Savings Fund Society FSB Buys 55,612 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wilmington Savings Fund Society FSB grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 194,178 shares of the utilities provider's stock after acquiring an additional 55,612 shares during the period. Wilmington Savings Fund Society FSB's holdings in NextEra Energy were worth $16,414,000 at the end of the most recent reporting period.

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

NextEra Energy Stock Performance

NEE traded down $0.76 on Thursday, hitting $73.22. The company had a trading volume of 6,770,715 shares, compared to its average volume of 10,809,233. The stock has a market cap of $150.57 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.72 and a beta of 0.56. 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 fifty day moving average price is $78.85 and its 200 day moving average price is $77.79. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. Equities 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 declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.81%. NextEra Energy's dividend payout ratio (DPR) is 60.95%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NEE. Guggenheim raised their price objective 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. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Barclays upped their price target on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 price objective for the company. Finally, Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $87.15.

Insiders Place Their Bets

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

NextEra Energy Company 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.