Donaldson Capital Management LLC Buys 3,099 Shares of NextEra Energy Inc (NEE)

Donaldson Capital Management LLC increased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,950 shares of the utilities provider’s stock after purchasing an additional 3,099 shares during the quarter. NextEra Energy makes up approximately 2.3% of Donaldson Capital Management LLC’s holdings, making the stock its 24th largest holding. Donaldson Capital Management LLC’s holdings in NextEra Energy were worth $26,472,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC increased its position in NextEra Energy by 323.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 495 shares in the last quarter. Braun Bostich & Associates Inc. grew its holdings in NextEra Energy by 492.5% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after buying an additional 719 shares during the period. Howe & Rusling Inc. grew its holdings in NextEra Energy by 70.5% in the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after buying an additional 373 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in NextEra Energy in the 2nd quarter valued at about $167,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in NextEra Energy in the 3rd quarter valued at about $168,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Shares of NYSE:NEE opened at $176.56 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $177.04. The stock has a market cap of $82.94 billion, a PE ratio of 26.35, a PEG ratio of 2.67 and a beta of 0.13.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the business earned $1.85 EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy Inc will post 7.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s payout ratio is currently 66.27%.

In other news, CEO Eric E. Silagy sold 17,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the completion of the sale, the chief executive officer now owns 42,898 shares in the company, valued at approximately $7,374,595.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $167.00, for a total value of $267,200.00. Following the sale, the director now owns 21,300 shares of the company’s stock, valued at approximately $3,557,100. The disclosure for this sale can be found here. Insiders have sold a total of 68,210 shares of company stock valued at $11,744,017 in the last quarter. Company insiders own 0.55% of the company’s stock.

Several analysts have commented on NEE shares. KeyCorp lifted their price target on NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, July 19th. Credit Suisse Group lowered their price target on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Mizuho started coverage on NextEra Energy in a report on Monday, August 13th. They issued a “buy” rating and a $184.00 price target for the company. Finally, Scotiabank started coverage on NextEra Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price target for the company. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $174.62.

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NextEra Energy Company 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: Why do company’s buyback their stock?

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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