Catalyst Capital Advisors LLC Purchases 338 Shares of NextEra Energy, Inc. (NYSE:NEE)

Catalyst Capital Advisors LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,950 shares of the utilities provider’s stock after purchasing an additional 338 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in NextEra Energy were worth $165,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NEE. Impax Asset Management Group plc purchased a new stake in shares of NextEra Energy during the third quarter worth about $1,624,000. Hazlett Burt & Watson Inc. raised its position in NextEra Energy by 6.9% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,000 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 259 shares during the last quarter. Red Cedar Investment Management LLC raised its position in NextEra Energy by 45.3% during the 3rd quarter. Red Cedar Investment Management LLC now owns 31,342 shares of the utilities provider’s stock valued at $2,649,000 after purchasing an additional 9,771 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in NextEra Energy by 9.2% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 34,673 shares of the utilities provider’s stock worth $2,931,000 after buying an additional 2,926 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services increased its stake in shares of NextEra Energy by 85.0% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 29,987 shares of the utilities provider’s stock valued at $2,535,000 after buying an additional 13,782 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $78.65 on Wednesday. The company has a market capitalization of $161.74 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The company’s 50-day moving average is $82.32 and its 200 day moving average is $77.07.

NextEra Energy (NYSE:NEE) last posted 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 net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank increased their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley lifted their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One 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. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price 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.