31,348 Shares in NextEra Energy, Inc. $NEE Purchased by Great Diamond Partners LLC

Great Diamond Partners LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, HoldingsChannel.com reports. The firm purchased 31,348 shares of the utilities provider’s stock, valued at approximately $2,366,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $2,375,545,000. Vanguard Group Inc. boosted its stake in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares during the period. Assenagon Asset Management S.A. grew its holdings in NextEra Energy by 1,765.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after buying an additional 3,755,563 shares in the last quarter. Amundi increased its position in NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after buying an additional 2,657,438 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of NextEra Energy by 18.7% during the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after buying an additional 1,701,648 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy 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 owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $80.54 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The company has a market cap of $167.73 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The company has a 50 day moving average of $82.80 and a 200-day moving average of $77.41. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53.

NextEra Energy (NYSE:NEE) last announced 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 business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is currently 72.29%.

Analyst Ratings Changes

Several research firms recently commented on NEE. New Street Research set a $84.00 price target on shares of NextEra Energy in a research note on Monday, October 13th. Citigroup restated a “buy” rating and set a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Evercore ISI reissued an “outperform” rating and set a $93.00 price target 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 given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

About NextEra Energy

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.