Anchor Investment Management LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

by · The Markets Daily

Anchor Investment Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,178 shares of the utilities provider’s stock after buying an additional 2,252 shares during the period. Anchor Investment Management LLC’s holdings in NextEra Energy were worth $4,411,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Tandem Capital Management Corp ADV increased its stake in shares of NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 125 shares during the last quarter. Taylor & Morgan Wealth Management LLC increased its stake in shares of NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after purchasing an additional 126 shares during the last quarter. Insight Folios Inc increased its stake in shares of NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC increased its stake in shares of NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after purchasing an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp increased its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent research reports. Scotiabank lifted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average price target of $86.85.

Read Our Latest Stock Analysis on NEE

NextEra Energy Stock Performance

NYSE NEE opened at $73.98 on Thursday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market capitalization of $152.13 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.72 and a beta of 0.56. The company has a fifty day moving average of $78.85 and a 200-day moving average of $77.79.

NextEra Energy (NYSE:NEE – Get Free Report) last issued 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. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm 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 $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is presently 60.95%.

NextEra Energy Company Profile

(Free Report)

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.

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