J.W. Cole Advisors Inc. Purchases 4,908 Shares of NextEra Energy, Inc. $NEE

J.W. Cole Advisors Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 166,571 shares of the utilities provider’s stock after purchasing an additional 4,908 shares during the period. J.W. Cole Advisors Inc.’s holdings in NextEra Energy were worth $11,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Daymark Wealth Partners LLC lifted its position in NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after purchasing an additional 2,767 shares during the last quarter. Avity Investment Management Inc. increased its holdings in shares of NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares during the last quarter. Dillon & Associates Inc. increased its holdings in shares of NextEra Energy by 8.4% in the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after buying an additional 5,261 shares during the last quarter. Soltis Investment Advisors LLC raised its position in shares of NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after buying an additional 7,645 shares in the last quarter. Finally, Integrity Alliance LLC. raised its position in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after buying an additional 7,401 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 168,168 shares of company stock valued at $13,917,670 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEE. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday, November 17th. Wolfe Research dropped their price target on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. Barclays set a $88.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Evercore ISI restated an “outperform” rating and issued a $93.00 target price on shares of NextEra Energy in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $90.63.

NextEra Energy Stock Up 1.1%

Shares of NYSE:NEE opened at $84.41 on Tuesday. The stock has a market capitalization of $175.79 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The stock’s 50-day moving average price is $81.13 and its 200-day moving average price is $75.44. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the previous year, the company posted $1.03 EPS. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

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.