Estabrook Capital Management Purchases 759 Shares of NextEra Energy, Inc. $NEE

Estabrook Capital Management raised its position in NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,223 shares of the utilities provider’s stock after purchasing an additional 759 shares during the period. Estabrook Capital Management’s holdings in NextEra Energy were worth $3,278,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Greenwich Wealth Management LLC boosted its position in shares of NextEra Energy by 9.6% during the second quarter. Greenwich Wealth Management LLC now owns 13,876 shares of the utilities provider’s stock worth $963,000 after purchasing an additional 1,218 shares in the last quarter. Orleans Capital Management Corp LA raised its stake in NextEra Energy by 1.7% during the 2nd quarter. Orleans Capital Management Corp LA now owns 47,566 shares of the utilities provider’s stock worth $3,302,000 after buying an additional 795 shares during the period. Lido Advisors LLC raised its stake in NextEra Energy by 47.2% during the 2nd quarter. Lido Advisors LLC now owns 258,466 shares of the utilities provider’s stock worth $17,943,000 after buying an additional 82,913 shares during the period. First National Advisers LLC lifted its holdings in NextEra Energy by 1.9% during the second quarter. First National Advisers LLC now owns 97,270 shares of the utilities provider’s stock worth $6,752,000 after acquiring an additional 1,792 shares in the last quarter. Finally, Stablepoint Partners LLC grew its stake in NextEra Energy by 2.3% in the second quarter. Stablepoint Partners LLC now owns 130,291 shares of the utilities provider’s stock valued at $9,045,000 after acquiring an additional 2,900 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 168,168 shares of company stock valued at $13,917,670. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays set a $88.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. New Street Research set a $84.00 target price on shares of NextEra Energy in a report on Monday, October 13th. Wolfe Research reduced their price target on shares of NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $93.00 price objective 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 assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.63.

NextEra Energy Stock Performance

Shares of NEE stock opened at $86.13 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company’s fifty day simple moving average is $82.33 and its 200-day simple moving average is $75.82. The firm has a market cap of $179.36 billion, a PE ratio of 27.43, a P/E/G ratio of 2.76 and a beta of 0.69. 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 quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the business earned $1.03 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

NextEra Energy Company 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.