Moody Lynn & Lieberson LLC Buys 1,258 Shares of NextEra Energy, Inc. (NYSE:NEE)

Moody Lynn & Lieberson LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,730 shares of the utilities provider’s stock after purchasing an additional 1,258 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in NextEra Energy were worth $992,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Harbour Trust & Investment Management Co grew its stake in NextEra Energy by 2.0% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 112,987 shares of the utilities provider’s stock valued at $9,551,000 after buying an additional 2,256 shares during the last quarter. Nicholson Wealth Management Group LLC bought a new stake in shares of NextEra Energy during the third quarter worth approximately $912,000. Legacy Capital Group California Inc. acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $519,000. Spirit of America Management Corp NY increased its stake in shares of NextEra Energy by 9.7% during the third quarter. Spirit of America Management Corp NY now owns 42,375 shares of the utilities provider’s stock worth $3,582,000 after purchasing an additional 3,750 shares during the period. Finally, DT Investment Partners LLC increased its stake in shares of NextEra Energy by 0.9% during the third quarter. DT Investment Partners LLC now owns 19,222 shares of the utilities provider’s stock worth $1,625,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $82.82 on Friday. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock’s 50-day simple moving average is $82.19 and its 200 day simple moving average is $75.96. The firm has a market capitalization of $170.16 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. NextEra Energy’s payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley upped their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays boosted their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.38.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

About NextEra Energy

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.