NextEra Energy, Inc. $NEE Shares Acquired by Ranch Capital Advisors Inc.

Ranch Capital Advisors Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,831 shares of the utilities provider’s stock after purchasing an additional 264 shares during the period. Ranch Capital Advisors Inc.’s holdings in NextEra Energy were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Brighton Jones LLC lifted its stake in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of NextEra Energy by 2.2% during the first quarter. Perigon Wealth Management LLC now owns 68,169 shares of the utilities provider’s stock worth $4,832,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Pure Financial Advisors LLC purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $228,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. TD Cowen initiated coverage on NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. BTIG Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday. Finally, New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.38.

NextEra Energy Stock Performance

NYSE NEE opened at $84.42 on Friday. The firm has a market capitalization of $173.85 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.81 and a beta of 0.66. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business’s 50-day simple moving average is $76.64 and its 200-day simple moving average is $72.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. Equities 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 will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is currently 79.37%.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,528 shares of company stock valued at $2,277,773 over the last 90 days. 0.20% of the stock is owned by company insiders.

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.