2,160 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Quest Partners LLC

Quest Partners LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,160 shares of the utilities provider’s stock, valued at approximately $183,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter worth $27,000. Semmax Financial Advisors Inc. grew its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Proffitt & Goodson Inc. grew its holdings in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of NextEra Energy during the third quarter worth $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.3 %

NYSE NEE opened at $78.54 on Thursday. The firm’s 50-day moving average is $80.48 and its two-hundred day moving average is $77.79. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month 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 stock has a market capitalization of $161.50 billion, a P/E ratio of 23.24, a PEG ratio of 2.77 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS 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 company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

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 given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is currently 60.95%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s 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 $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.