Chesley Taft & Associates LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Chesley Taft & Associates LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,141 shares of the utilities provider’s stock after purchasing an additional 3,755 shares during the period. Chesley Taft & Associates LLC’s holdings in NextEra Energy were worth $12,522,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% in the second 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 period. Proffitt & Goodson Inc. increased its position 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 purchasing an additional 144 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the second quarter worth $33,000. American Capital Advisory LLC increased its position in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in shares of NextEra Energy during the second quarter worth $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $80.29 on Tuesday. The business’s 50-day moving average is $80.74 and its two-hundred day moving average is $74.24. The company has a market capitalization of $164.96 billion, a P/E ratio of 21.88, a P/E/G ratio of 3.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the firm earned $0.88 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley upped their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $83.07.

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.