Hilltop Holdings Inc. Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Hilltop Holdings Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 499.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,235 shares of the utilities provider’s stock after purchasing an additional 93,518 shares during the quarter. NextEra Energy accounts for 0.6% of Hilltop Holdings Inc.’s portfolio, making the stock its 27th largest position. Hilltop Holdings Inc.’s holdings in NextEra Energy were worth $9,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Proffitt & Goodson Inc. grew its holdings in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the period. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the 2nd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of NextEra Energy in the third quarter worth approximately $39,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several recent research reports. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $86.85.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Up 0.0 %

NextEra Energy stock opened at $78.70 on Monday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm’s 50 day moving average price is $80.32 and its 200-day moving average price is $77.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market cap of $161.84 billion, a P/E ratio of 23.28, a PEG ratio of 2.84 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

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.