Foster Victor Wealth Advisors LLC Has $8.74 Million Stock Holdings in NextEra Energy, Inc. $NEE

Foster Victor Wealth Advisors LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 10.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,114 shares of the utilities provider’s stock after buying an additional 10,431 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in NextEra Energy were worth $8,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management raised its position in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in NextEra Energy during the 2nd quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the 1st quarter valued at $26,000. Finally, Quaker Wealth Management LLC raised its holdings in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 157,322 shares of company stock worth $13,148,943 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NEE stock opened at $79.58 on Friday. The firm has a 50 day moving average of $83.43 and a 200-day moving average of $77.00. The firm has a market capitalization of $165.73 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. 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 (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. NextEra Energy’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s payout ratio is presently 72.29%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Argus set a $90.00 target price on shares of NextEra Energy in a research report on Wednesday, October 29th. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price for the company. UBS Group set a $91.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research note on Wednesday. Finally, BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of NextEra Energy in a report on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.