NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,154 shares of the utilities provider’s stock after purchasing an additional 2,304 shares during the quarter. Westfield Capital Management Co. LP’s holdings in NextEra Energy were worth $9,227,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the 3rd quarter valued at approximately $27,000. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 197.4% in 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 in the last quarter. Proffitt & Goodson Inc. boosted its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the second quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of NextEra Energy in the third quarter valued at $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $76.00 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a market capitalization of $156.29 billion, a PE ratio of 22.49, a P/E/G ratio of 2.75 and a beta of 0.57. The business has a 50-day moving average of $80.90 and a two-hundred day moving average of $77.75.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.85.

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.