NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,008 shares of the utilities provider’s stock after purchasing an additional 64,275 shares during the quarter. NextEra Energy comprises approximately 2.5% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 10th biggest position. Alpha Cubed Investments LLC’s holdings in NextEra Energy were worth $55,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chesley Taft & Associates LLC increased its stake in shares of NextEra Energy by 2.6% during the third quarter. Chesley Taft & Associates LLC now owns 148,141 shares of the utilities provider’s stock worth $12,522,000 after purchasing an additional 3,755 shares during the period. Callan Family Office LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $247,000. Chapin Davis Inc. grew its holdings in NextEra Energy by 4.5% in the 3rd quarter. Chapin Davis Inc. now owns 14,888 shares of the utilities provider’s stock valued at $1,258,000 after buying an additional 639 shares in the last quarter. Versant Capital Management Inc increased its position in NextEra Energy by 4.3% during the 3rd quarter. Versant Capital Management Inc now owns 3,645 shares of the utilities provider’s stock worth $308,000 after buying an additional 149 shares during the period. Finally, Bath Savings Trust Co lifted its holdings in shares of NextEra Energy by 0.6% during the third quarter. Bath Savings Trust Co now owns 268,111 shares of the utilities provider’s stock worth $22,663,000 after buying an additional 1,530 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 4.2 %

NEE stock opened at $80.29 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $86.10. The stock has a fifty day moving average of $80.74 and a 200-day moving average of $74.24. The company has a market capitalization of $164.96 billion, a price-to-earnings ratio of 21.88, a PEG 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 (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business earned $0.88 earnings per share. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.57%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NEE. BMO Capital Markets increased their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Barclays increased their price target on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Evercore ISI lifted their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Bank of America raised 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.07.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is 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.