NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Boosted by Versant Capital Management Inc

Versant Capital Management Inc lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,645 shares of the utilities provider’s stock after buying an additional 149 shares during the period. Versant Capital Management Inc’s holdings in NextEra Energy were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. XML Financial LLC grew its stake in shares of NextEra Energy by 16.7% in the 4th quarter. XML Financial LLC now owns 14,574 shares of the utilities provider’s stock worth $885,000 after purchasing an additional 2,088 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in NextEra Energy by 8.5% during the fourth quarter. State of Tennessee Treasury Department now owns 742,361 shares of the utilities provider’s stock worth $45,091,000 after buying an additional 57,910 shares in the last quarter. Cresset Asset Management LLC grew its position in NextEra Energy by 8.0% in the fourth quarter. Cresset Asset Management LLC now owns 264,799 shares of the utilities provider’s stock worth $16,084,000 after buying an additional 19,556 shares during the last quarter. Keyes Stange & Wooten Wealth Management LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $266,000. Finally, Angelo Gordon & CO. L.P. lifted its position in shares of NextEra Energy by 391.7% during the 4th quarter. Angelo Gordon & CO. L.P. now owns 166,200 shares of the utilities provider’s stock valued at $10,095,000 after acquiring an additional 132,400 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. Royal Bank of Canada lifted their target price on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI increased their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. One 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’s stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $83.07.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 4.2 %

NYSE:NEE opened at $80.29 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. 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. NextEra Energy, Inc. has a 52 week low of $48.38 and a 52 week high of $86.10. The stock’s 50 day moving average price is $80.74 and its 200 day moving average price is $74.24.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the business earned $0.88 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

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.