Private Capital Advisors Inc. Takes $17.03 Million Position in NextEra Energy, Inc. $NEE

Private Capital Advisors Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 225,550 shares of the utilities provider’s stock, valued at approximately $17,027,000. NextEra Energy accounts for approximately 1.9% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding.

Other large investors have also recently bought and sold shares of the company. Wedbush Securities Inc. raised its stake in NextEra Energy by 24.8% during the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after purchasing an additional 12,738 shares during the period. Varma Mutual Pension Insurance Co increased its holdings in shares of NextEra Energy by 5.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after buying an additional 15,600 shares during the last quarter. National Pension Service increased its holdings in shares of NextEra Energy by 1.3% during the 3rd quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock worth $365,783,000 after buying an additional 60,324 shares during the last quarter. Daymark Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after buying an additional 2,767 shares during the period. Finally, Synergy Asset Management LLC lifted its holdings in NextEra Energy by 286.0% in the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after acquiring an additional 16,322 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.6%

Shares of NYSE NEE opened at $95.13 on Thursday. The stock has a market cap of $198.20 billion, a P/E ratio of 28.91, a PEG ratio of 2.96 and a beta of 0.76. The business’s fifty day simple moving average is $85.59 and its 200-day simple moving average is $81.42. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. This represents a $2.49 annualized dividend and a yield of 2.6%. NextEra Energy’s dividend payout ratio (DPR) is presently 69.00%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. This trade represents a 65.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 159,049 shares of company stock valued at $14,194,542. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. The Goldman Sachs Group raised their price objective on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Seaport Research Partners decreased their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Wolfe Research lifted their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Finally, BTIG Research restated a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $93.05.

NextEra Energy 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.