Sigma Investment Counselors Inc. Has $5.13 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Sigma Investment Counselors Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,723 shares of the utilities provider’s stock after purchasing an additional 695 shares during the period. Sigma Investment Counselors Inc.’s holdings in NextEra Energy were worth $5,133,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. lifted its holdings in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in NextEra Energy during the second quarter worth approximately $33,000. Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy in the third quarter valued at approximately $39,000. Finally, Family Firm Inc. bought a new position in shares of NextEra Energy in the second quarter valued at approximately $40,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 1.7 %

Shares of NEE opened at $81.43 on Friday. 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 company has a 50-day moving average price of $82.36 and a two-hundred day moving average price of $76.12. The stock has a market cap of $167.30 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly 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. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 2.53%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NEE. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy Profile

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.