Concurrent Investment Advisors LLC Acquires 3,360 Shares of NextEra Energy, Inc. (NYSE:NEE)

Concurrent Investment Advisors LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,026 shares of the utilities provider’s stock after buying an additional 3,360 shares during the period. Concurrent Investment Advisors LLC’s holdings in NextEra Energy were worth $7,610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Proffitt & Goodson Inc. raised its position in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the third quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy in the second quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $39,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NEE shares. 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 report on Tuesday, September 3rd. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Scotiabank raised their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

NYSE NEE traded down $4.20 on Wednesday, hitting $74.45. 8,503,407 shares of the company’s stock traded hands, compared to its average volume of 10,776,012. The firm has a market capitalization of $153.10 billion, a PE ratio of 23.27, a P/E/G 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 firm’s 50-day moving average price is $82.32 and its two-hundred day moving average price is $77.07. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the company earned $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.77%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

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.