FTB Advisors Inc. raised its position in NextEra Energy Inc (NYSE:NEE) by 9.0% during the third quarter, HoldingsChannel.com reports. The firm owned 3,699 shares of the utilities provider’s stock after buying an additional 306 shares during the quarter. FTB Advisors Inc.’s holdings in NextEra Energy were worth $899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC raised its position in NextEra Energy by 323.5% in the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 495 shares during the period. Braun Bostich & Associates Inc. raised its position in NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 719 shares during the period. Howe & Rusling Inc. raised its position in NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 373 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in NextEra Energy in the second quarter valued at approximately $167,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in NextEra Energy in the third quarter valued at approximately $168,000. 75.46% of the stock is currently owned by institutional investors.

NextEra Energy stock opened at $176.56 on Friday. NextEra Energy Inc has a twelve month low of $145.10 and a twelve month high of $177.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65. The firm has a market cap of $82.94 billion, a PE ratio of 23.20, a P/E/G ratio of 2.67 and a beta of 0.13.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. Analysts predict that NextEra Energy Inc will post 7.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.51%. NextEra Energy’s payout ratio is currently 66.27%.

A number of brokerages have issued reports on NEE. Credit Suisse Group cut their target price on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Wells Fargo & Co boosted their target price on NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Argus upped their price objective on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Morgan Stanley upped their price objective on NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Finally, Mizuho assumed coverage on NextEra Energy in a research report on Monday, August 13th. They set a “buy” rating and a $184.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $174.62.

In related news, CEO Armando Pimentel, Jr. sold 4,920 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the transaction, the chief executive officer now owns 59,969 shares in the company, valued at $10,201,326.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $167.00, for a total transaction of $267,200.00. Following the transaction, the director now owns 21,300 shares of the company’s stock, valued at approximately $3,557,100. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,210 shares of company stock valued at $11,744,017. Insiders own 0.55% of the company’s stock.

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About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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