Annex Advisory Services LLC boosted its stake in NextEra Energy Inc (NYSE:NEE) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,993 shares of the utilities provider’s stock after purchasing an additional 960 shares during the quarter. Annex Advisory Services LLC’s holdings in NextEra Energy were worth $1,318,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of NextEra Energy by 3,384.2% in the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after acquiring an additional 36,747,599 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of NextEra Energy by 2,832.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after acquiring an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of NextEra Energy by 122.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after acquiring an additional 814,478 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at about $96,214,000. Institutional investors and hedge funds own 75.63% of the company’s stock.
A number of equities analysts recently weighed in on NEE shares. Argus raised their price objective on NextEra Energy to $173.00 and gave the company a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Morgan Stanley raised their price objective on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. J P Morgan Chase & Co started coverage on NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective on the stock. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Tuesday, October 10th. Finally, KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $156.64.
NextEra Energy Inc (NYSE NEE) traded down $1.50 on Tuesday, reaching $155.97. The company had a trading volume of 1,400,900 shares, compared to its average volume of 1,683,221. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a fifty-two week low of $113.18 and a fifty-two week high of $159.28. The company has a market cap of $74,073.52, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 3.14 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the company earned $1.74 EPS. NextEra Energy’s revenue for the quarter was up .1% compared to the same quarter last year. equities research analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.52%. NextEra Energy’s payout ratio is 44.16%.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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