Parr Mcknight Wealth Management Group LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,338 shares of the utilities provider’s stock after acquiring an additional 7,334 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in NextEra Energy were worth $6,312,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Pin Oak Investment Advisors Inc. bought a new stake in shares of NextEra Energy in the second quarter valued at approximately $26,000. Kilter Group LLC bought a new position in NextEra Energy during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC bought a new position in NextEra Energy during the 2nd quarter worth $26,000. Axiom Investment Management LLC bought a new position in NextEra Energy during the 1st quarter worth $32,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in NextEra Energy by 83.0% in the 2nd quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on NEE shares. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a report on Monday, October 12th. Morgan Stanley set a $110.00 price target on NextEra Energy and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Barclays cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, October 23rd. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Bank of America decreased their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $97.80.
Check Out Our Latest Report on NextEra Energy
NextEra Energy Price Performance
Shares of NYSE:NEE opened at $84.17 on Wednesday. NextEra Energy, Inc. has a one year low of $74.41 and a one 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. The company has a market cap of $176.54 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.63 and a beta of 0.60. The firm has a 50 day simple moving average of $80.27 and a 200 day simple moving average of $87.20.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its 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 firm had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be given a $0.6232 dividend. The ex-dividend date is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is currently 44.86%.
About NextEra Energy
NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.
Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.
NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.
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