Legacy Wealth Management LLC MS Acquires Shares of 4,388 NextEra Energy, Inc. (NYSE:NEE)

Legacy Wealth Management LLC MS acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,388 shares of the utilities provider’s stock, valued at approximately $371,000.

Several other large investors have also recently added to or reduced their stakes in the stock. 1ST Source Bank grew its position in NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after acquiring an additional 147 shares in the last quarter. DGS Capital Management LLC grew its position in NextEra Energy by 11.7% in the third quarter. DGS Capital Management LLC now owns 3,944 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 413 shares in the last quarter. Garden State Investment Advisory Services LLC grew its position in NextEra Energy by 3.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 5,391 shares of the utilities provider’s stock worth $456,000 after acquiring an additional 170 shares in the last quarter. Copley Financial Group Inc. bought a new stake in NextEra Energy in the third quarter worth approximately $686,000. Finally, FFG Partners LLC bought a new stake in NextEra Energy in the third quarter worth approximately $10,758,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.40 during mid-day trading on Friday, reaching $73.62. The company’s stock had a trading volume of 1,437,741 shares, compared to its average volume of 10,768,876. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market cap of $151.39 billion, a P/E ratio of 21.66, a PEG ratio of 2.67 and a beta of 0.56. 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 firm’s 50-day moving average is $78.61 and its two-hundred day moving average is $77.76.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during 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 business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current 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 2.80%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Analyst Ratings Changes

NEE has been the subject of several recent research reports. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Finally, Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $87.15.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.