D.A. Davidson & CO. Grows Stake in NextEra Energy, Inc. $NEE

D.A. Davidson & CO. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,072,321 shares of the utilities provider’s stock after buying an additional 62,536 shares during the period. D.A. Davidson & CO. owned approximately 0.05% of NextEra Energy worth $80,950,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NEE. Brighton Jones LLC raised its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares during the period. Plancorp LLC increased its stake in NextEra Energy by 1.4% during the 1st quarter. Plancorp LLC now owns 16,154 shares of the utilities provider’s stock worth $1,145,000 after buying an additional 218 shares during the period. UniSuper Management Pty Ltd boosted its position in NextEra Energy by 1.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 570,835 shares of the utilities provider’s stock valued at $40,466,000 after buying an additional 6,500 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of NextEra Energy during the first quarter valued at about $1,660,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer directly owned 162,693 shares in the company, 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 can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $80.89 on Monday. The stock has a market capitalization of $168.47 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74. The business’s fifty day moving average price is $82.62 and its 200 day moving average price is $77.58. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s payout ratio is presently 71.97%.

Analyst Ratings Changes

NEE has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. Argus set a $90.00 target price on NextEra Energy in a research note on Wednesday, October 29th. Wolfe Research lifted their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $89.00 price target (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.72.

NextEra Energy Company 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.