PFW Advisors LLC Acquires Shares of 33,042 NextEra Energy, Inc. (NYSE:NEE)

PFW Advisors LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 33,042 shares of the utilities provider’s stock, valued at approximately $2,369,000.

Several other institutional investors also recently modified their holdings of NEE. Semmax Financial Advisors Inc. lifted its stake in 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 last quarter. Burkett Financial Services LLC lifted its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter worth about $27,000. Quarry LP purchased a new position in shares of NextEra Energy in the third quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the third quarter valued at approximately $39,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NEE shares. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $87.15.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.8 %

Shares of NYSE NEE traded down $0.53 on Monday, reaching $66.85. 17,055,211 shares of the company’s stock traded hands, compared to its average volume of 9,634,256. The business’s 50 day simple moving average is $74.23 and its two-hundred day simple moving average is $77.32. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market cap of $137.47 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

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.