Financial Partners Group Inc Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Financial Partners Group Inc lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,718 shares of the utilities provider’s stock after buying an additional 161 shares during the quarter. Financial Partners Group Inc’s holdings in NextEra Energy were worth $906,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at $27,000. Semmax Financial Advisors Inc. lifted 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 acquiring an additional 225 shares in the last quarter. Proffitt & Goodson Inc. lifted its position 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 acquiring an additional 144 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of NextEra Energy in the third quarter valued at $39,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.5 %

NEE traded down $0.36 on Tuesday, reaching $78.01. The company’s stock had a trading volume of 2,415,452 shares, compared to its average volume of 10,761,441. The stock has a market cap of $160.42 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The business’s 50 day moving average is $82.34 and its 200 day moving average is $76.97.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the business posted $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Morgan Stanley upped their target price on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Profile

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.