Coston McIsaac & Partners Has $6.38 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

Coston McIsaac & Partners lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,490 shares of the utilities provider’s stock after buying an additional 1,294 shares during the quarter. NextEra Energy comprises 1.8% of Coston McIsaac & Partners’ holdings, making the stock its 17th biggest position. Coston McIsaac & Partners’ holdings in NextEra Energy were worth $6,380,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. TFG Advisers LLC lifted its stake in NextEra Energy by 0.7% in the third quarter. TFG Advisers LLC now owns 36,346 shares of the utilities provider’s stock valued at $3,072,000 after buying an additional 267 shares during the period. Spring Capital Management LLC grew its holdings in NextEra Energy by 8.0% during the third quarter. Spring Capital Management LLC now owns 72,299 shares of the utilities provider’s stock worth $6,111,000 after buying an additional 5,361 shares in the last quarter. Greenleaf Trust grew its holdings in NextEra Energy by 1.4% during the third quarter. Greenleaf Trust now owns 126,571 shares of the utilities provider’s stock worth $10,699,000 after buying an additional 1,774 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in NextEra Energy by 275.3% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 33,214 shares of the utilities provider’s stock worth $2,808,000 after buying an additional 24,364 shares in the last quarter. Finally, Marietta Wealth Management LLC grew its stake in NextEra Energy by 1.8% in the 3rd quarter. Marietta Wealth Management LLC now owns 87,660 shares of the utilities provider’s stock valued at $7,410,000 after purchasing an additional 1,557 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays raised their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Scotiabank raised their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Bank of America lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.46.

Check Out Our Latest Stock Analysis on NEE

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.40 during mid-day trading on Wednesday, reaching $84.10. The company’s stock had a trading volume of 3,413,446 shares, compared to its average volume of 10,722,621. The firm has a market capitalization of $172.79 billion, a PE ratio of 22.75, a P/E/G ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a fifty day moving average of $82.05 and a two-hundred day moving average of $75.89. NextEra Energy, Inc. has a 52 week low of $53.11 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.45%. NextEra Energy’s payout ratio is 56.13%.

NextEra Energy 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.

Further Reading

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