Bard Associates Inc. Has $1.87 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Bard Associates Inc. grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,154 shares of the utilities provider’s stock after buying an additional 2,675 shares during the period. Bard Associates Inc.’s holdings in NextEra Energy were worth $1,873,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vectors Research Management LLC boosted its position in NextEra Energy by 11.8% during the third quarter. Vectors Research Management LLC now owns 26,076 shares of the utilities provider’s stock worth $2,204,000 after purchasing an additional 2,761 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in shares of NextEra Energy by 12.3% in the third quarter. Signature Estate & Investment Advisors LLC now owns 792,780 shares of the utilities provider’s stock worth $67,014,000 after buying an additional 86,748 shares during the last quarter. First Business Financial Services Inc. boosted its holdings in shares of NextEra Energy by 12.6% during the 3rd quarter. First Business Financial Services Inc. now owns 24,307 shares of the utilities provider’s stock worth $2,055,000 after buying an additional 2,716 shares during the period. CIBC Asset Management Inc grew its stake in NextEra Energy by 0.7% in the 3rd quarter. CIBC Asset Management Inc now owns 420,602 shares of the utilities provider’s stock valued at $35,553,000 after buying an additional 2,995 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in NextEra Energy by 0.5% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 459,857 shares of the utilities provider’s stock worth $38,872,000 after acquiring an additional 2,178 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NEE. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Price Performance

NEE stock opened at $75.28 on Friday. The company’s 50-day moving average price is $81.70 and its two-hundred day moving average price is $77.36. The firm has a market cap of $154.81 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.68 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is 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.