Pacer Advisors Inc. Buys 28,297 Shares of NextEra Energy, Inc. $NEE

Pacer Advisors Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 193,671 shares of the utilities provider’s stock after purchasing an additional 28,297 shares during the quarter. Pacer Advisors Inc.’s holdings in NextEra Energy were worth $14,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Spirit of America Management Corp NY lifted its position in NextEra Energy by 6.8% in the third quarter. Spirit of America Management Corp NY now owns 57,225 shares of the utilities provider’s stock worth $4,320,000 after buying an additional 3,650 shares during the last quarter. FMB Wealth Management purchased a new stake in shares of NextEra Energy in the third quarter valued at $209,000. Gemmer Asset Management LLC raised its stake in shares of NextEra Energy by 3.4% in the third quarter. Gemmer Asset Management LLC now owns 5,630 shares of the utilities provider’s stock valued at $425,000 after acquiring an additional 186 shares during the period. JGP Wealth Management LLC lifted its holdings in shares of NextEra Energy by 0.8% in the 3rd quarter. JGP Wealth Management LLC now owns 172,290 shares of the utilities provider’s stock worth $13,470,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Robbins Farley boosted its stake in shares of NextEra Energy by 12.6% during the 3rd quarter. Robbins Farley now owns 85,153 shares of the utilities provider’s stock worth $6,428,000 after purchasing an additional 9,500 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.0%

Shares of NYSE:NEE opened at $80.48 on Friday. The business’s 50 day moving average is $82.96 and its 200 day moving average is $77.30. The stock has a market cap of $167.62 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last issued 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 business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the company posted $1.03 EPS. NextEra Energy’s revenue was up 5.3% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 22nd. TD Cowen started coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. HSBC upped their price objective on NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Finally, Cowen started coverage on NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $91.56.

Insider Activity

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’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 value of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Profile

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.