Welch & Forbes LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716,460 shares of the utilities provider’s stock after acquiring an additional 19,584 shares during the quarter. Welch & Forbes LLC’s holdings in NextEra Energy were worth $54,265,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Pinion Investment Advisors LLC lifted its holdings in shares of NextEra Energy by 6.7% during the third quarter. Pinion Investment Advisors LLC now owns 17,767 shares of the utilities provider’s stock worth $1,346,000 after purchasing an additional 1,120 shares during the period. Gryphon Financial Partners LLC increased its holdings in NextEra Energy by 2.8% in the 3rd quarter. Gryphon Financial Partners LLC now owns 38,497 shares of the utilities provider’s stock worth $2,916,000 after buying an additional 1,049 shares during the period. M&G PLC raised its position in NextEra Energy by 15.6% during the 3rd quarter. M&G PLC now owns 4,748,056 shares of the utilities provider’s stock worth $360,852,000 after buying an additional 641,295 shares during the last quarter. AlphaCore Capital LLC raised its position in NextEra Energy by 5.9% during the 3rd quarter. AlphaCore Capital LLC now owns 64,348 shares of the utilities provider’s stock worth $4,874,000 after buying an additional 3,584 shares during the last quarter. Finally, Clear Wave Wealth Management LLC lifted its stake in NextEra Energy by 2.4% during the 3rd quarter. Clear Wave Wealth Management LLC now owns 5,327 shares of the utilities provider’s stock valued at $403,000 after acquiring an additional 127 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Performance
Shares of NYSE NEE opened at $86.87 on Tuesday. The company has a market capitalization of $182.20 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. The company’s fifty day moving average price is $80.61 and its 200 day moving average price is $87.28. NextEra Energy, Inc. has a 1 year low of $74.41 and a 1 year high of $98.75.
NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. NextEra Energy’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is 44.86%.
Wall Street Analyst Weigh In
Several analysts have recently commented on NEE shares. Wall Street Zen raised shares of NextEra Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. Barclays reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, October 23rd. Morgan Stanley set a $110.00 target price on shares of NextEra Energy and gave the company an “overweight” rating in a research report on Wednesday, October 14th. Mizuho lowered their price target on shares of NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $97.80.
Read Our Latest Stock Analysis on NextEra Energy
NextEra Energy Profile
NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.
NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.
The company traces its roots to 1925, when Florida Power & Light was established.
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