First Business Financial Services Inc. acquired a new position in shares of NextEra Energy Inc (NYSE:NEE) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 938 shares of the utilities provider’s stock, valued at approximately $219,000.

Several other hedge funds also recently made changes to their positions in NEE. Bedel Financial Consulting Inc. increased its position in NextEra Energy by 1.4% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock worth $795,000 after purchasing an additional 47 shares in the last quarter. Horan Securities Inc. grew its position in NextEra Energy by 37.6% in the third quarter. Horan Securities Inc. now owns 172 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 47 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in NextEra Energy by 1.2% in the third quarter. Flagship Harbor Advisors LLC now owns 3,891 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 47 shares in the last quarter. Quadrant Capital Group LLC grew its position in NextEra Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 2,855 shares of the utilities provider’s stock valued at $645,000 after acquiring an additional 47 shares in the last quarter. Finally, Meridian Financial Partners LLC grew its position in NextEra Energy by 1.8% in the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.

In other news, Director Sherry S. Barrat sold 4,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $218.57, for a total transaction of $1,027,279.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Insiders have sold 97,576 shares of company stock valued at $21,514,886 in the last three months. Corporate insiders own 0.48% of the company’s stock.

Shares of NEE stock traded down $1.01 during mid-day trading on Friday, reaching $222.08. 1,583,945 shares of the company were exchanged, compared to its average volume of 1,974,897. NextEra Energy Inc has a fifty-two week low of $164.78 and a fifty-two week high of $239.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. The company has a market capitalization of $111.01 billion, a P/E ratio of 28.84, a P/E/G ratio of 3.40 and a beta of 0.17. The business’s 50 day simple moving average is $231.32 and its 200 day simple moving average is $213.40.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the company earned $2.18 earnings per share. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, analysts forecast that NextEra Energy Inc will post 8.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Wednesday, November 27th. NextEra Energy’s payout ratio is currently 64.94%.

Several analysts have issued reports on the stock. Guggenheim increased their price objective on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. UBS Group increased their price objective on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Co increased their price objective on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $231.67.

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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