Lido Advisors LLC Has $17.94 Million Holdings in NextEra Energy, Inc. $NEE

Lido Advisors LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 47.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,466 shares of the utilities provider’s stock after purchasing an additional 82,913 shares during the quarter. Lido Advisors LLC’s holdings in NextEra Energy were worth $17,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in NextEra Energy during the second quarter worth $2,375,545,000. GQG Partners LLC grew its holdings in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Vanguard Group Inc. increased its position in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after acquiring an additional 5,554,603 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Finally, Amundi lifted its holdings in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after acquiring an additional 2,657,438 shares during the period. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Citigroup restated a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. TD Cowen started coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Finally, Argus set a $90.00 price objective on NextEra Energy in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $90.63.

NextEra Energy Trading Up 0.7%

Shares of NextEra Energy stock opened at $86.13 on Monday. The company’s 50-day moving average price is $82.33 and its 200-day moving average price is $75.84. 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, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a market cap of $179.36 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 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 company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy 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.