NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by Assetmark Inc.

Assetmark Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 14.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,506 shares of the utilities provider’s stock after acquiring an additional 19,951 shares during the quarter. Assetmark Inc.’s holdings in NextEra Energy were worth $13,737,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its position in shares of NextEra Energy by 35.7% in 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 during the period. Border to Coast Pensions Partnership Ltd grew its stake in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after acquiring an additional 26,270 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC boosted its holdings in shares of NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares during the period. Finally, Raymond James & Associates grew its position in NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $76.97 on Monday. The stock has a 50-day simple moving average of $82.05 and a 200 day simple moving average of $77.19. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The stock has a market capitalization of $158.28 billion, a PE ratio of 22.77, a P/E/G ratio of 2.69 and a beta of 0.57. 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 (NYSE:NEE) last issued its quarterly 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 during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 2.68%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NEE shares. Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Scotiabank raised 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 report on Tuesday, August 20th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target 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.