Klingenstein Fields & Co. LP Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Klingenstein Fields & Co. LP grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 155,391 shares of the utilities provider’s stock after buying an additional 2,957 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in NextEra Energy were worth $13,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at about $27,000. Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the second quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy during the third quarter worth $39,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.2 %

NEE opened at $77.18 on Monday. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $82.39 and a 200-day simple moving average of $76.87. The firm has a market cap of $158.71 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

Analyst Ratings Changes

NEE has been the subject of a number of recent research reports. Scotiabank raised their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company lifted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.54.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.