Steigerwald Gordon & Koch Inc. Purchases 9,509 Shares of NextEra Energy, Inc. (NYSE:NEE)

Steigerwald Gordon & Koch Inc. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 236,518 shares of the utilities provider’s stock after acquiring an additional 9,509 shares during the quarter. NextEra Energy makes up 2.2% of Steigerwald Gordon & Koch Inc.’s investment portfolio, making the stock its 21st largest position. Steigerwald Gordon & Koch Inc.’s holdings in NextEra Energy were worth $19,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. M&G Plc bought a new position in NextEra Energy in the 1st quarter worth about $303,065,000. Zimmer Partners LP boosted its stake in NextEra Energy by 8,447.5% in the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after purchasing an additional 2,703,200 shares during the period. State of Michigan Retirement System boosted its stake in NextEra Energy by 400.7% in the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after purchasing an additional 2,250,500 shares during the period. Raymond James & Associates boosted its stake in NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the period. Finally, LGT Group Foundation boosted its stake in NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock worth $107,240,000 after purchasing an additional 1,371,982 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $1.20 during trading hours on Thursday, reaching $81.78. 2,072,758 shares of the stock traded hands, compared to its average volume of 10,826,271. The company has a market capitalization of $168.02 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10. The company’s 50-day simple moving average is $81.07 and its two-hundred day simple moving average is $74.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations 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 posted $0.88 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.52%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

Several brokerages have commented on NEE. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI lifted their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Scotiabank lifted their price target 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. Citigroup lifted their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. 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 given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.07.

Insiders Place Their Bets

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

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.