Bessemer Group Inc. decreased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,273 shares of the utilities provider’s stock after selling 360 shares during the quarter. Bessemer Group Inc.’s holdings in NextEra Energy were worth $918,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in NEE. Hanson McClain Inc. boosted its holdings in shares of NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of NextEra Energy by 8.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the period. Archford Capital Strategies LLC boosted its holdings in shares of NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after buying an additional 4,347 shares during the period. Highstreet Asset Management Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter worth $134,000. Finally, Atlantic Trust LLC bought a new stake in shares of NextEra Energy during the 2nd quarter worth $154,000. Institutional investors own 75.63% of the company’s stock.
Several analysts recently issued reports on NEE shares. KeyCorp reaffirmed a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Friday, September 1st. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Morgan Stanley upped their price objective on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Bank of America started coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and an average target price of $156.64.
Shares of NextEra Energy Inc (NYSE:NEE) traded down $0.33 during trading on Wednesday, reaching $155.64. 1,702,500 shares of the company’s stock were exchanged, compared to its average volume of 1,683,303. 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 12-month low of $114.47 and a 12-month high of $159.28. The company has a market cap of $73,367.91, a P/E ratio of 23.38, a PEG ratio of 3.11 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm earned $1.74 EPS. The business’s revenue was up .1% on a year-over-year basis. analysts forecast that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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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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