KPP Advisory Services LLC Acquires 1,105 Shares of NextEra Energy, Inc. (NYSE:NEE)

KPP Advisory Services LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,513 shares of the utilities provider’s stock after acquiring an additional 1,105 shares during the quarter. KPP Advisory Services LLC’s holdings in NextEra Energy were worth $973,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Banco Santander S.A. grew its holdings in shares of NextEra Energy by 20.4% during the first quarter. Banco Santander S.A. now owns 27,884 shares of the utilities provider’s stock worth $1,782,000 after buying an additional 4,716 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares in the last quarter. Patten & Patten Inc. TN grew its holdings in shares of NextEra Energy by 2.3% during the first quarter. Patten & Patten Inc. TN now owns 192,134 shares of the utilities provider’s stock worth $12,279,000 after buying an additional 4,404 shares in the last quarter. Chiron Capital Management LLC grew its holdings in shares of NextEra Energy by 18.6% during the first quarter. Chiron Capital Management LLC now owns 21,476 shares of the utilities provider’s stock worth $1,373,000 after buying an additional 3,365 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of NextEra Energy by 9.5% during the first quarter. Jacobi Capital Management LLC now owns 43,116 shares of the utilities provider’s stock worth $2,755,000 after buying an additional 3,744 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $1.07 during mid-day trading on Friday, hitting $76.35. 12,930,527 shares of the stock were exchanged, compared to its average volume of 10,952,575. The stock has a market capitalization of $157.01 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. The firm’s 50-day simple moving average is $81.53 and its 200 day simple moving average is $77.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company earned $0.94 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed 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 yield of 2.70%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NEE. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Morgan Stanley raised their price target on 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 downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.