NextEra Energy, Inc. $NEE Stock: Confluence Wealth Services Inc. Boosts Position

Confluence Wealth Services Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 15.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,351 shares of the utilities provider’s stock after acquiring an additional 8,712 shares during the period. Confluence Wealth Services Inc.’s holdings in NextEra Energy were worth $4,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. bought a new position in NextEra Energy in the second quarter worth $26,000. Kilter Group LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC bought a new position in shares of NextEra Energy in the 2nd quarter worth about $26,000. Axiom Investment Management LLC bought a new position in shares of NextEra Energy in the 1st quarter worth about $32,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of NextEra Energy by 83.0% in the 2nd quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $86.27 on Wednesday. The stock has a market cap of $180.93 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.68 and a beta of 0.60. The firm’s 50-day moving average is $80.68 and its 200 day moving average is $87.29. NextEra Energy, Inc. has a 1 year low of $74.41 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. NextEra Energy’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio is presently 44.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Seaport Research Partners reissued a “sell” rating and set a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a report on Wednesday, October 21st. Jefferies Financial Group reissued a “hold” rating on shares of NextEra Energy in a research report on Thursday, October 8th. Wall Street Zen upgraded NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, Scotiabank reduced their price objective on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $97.80.

Check Out Our Latest Stock Analysis on NextEra Energy

About NextEra Energy

(Free Report)

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.

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

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