Pittenger & Anderson Inc. Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Pittenger & Anderson Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 11.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,602 shares of the utilities provider’s stock after purchasing an additional 1,625 shares during the period. Pittenger & Anderson Inc.’s holdings in NextEra Energy were worth $1,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. M&G Plc purchased a new position in shares of NextEra Energy in the first quarter worth $303,065,000. International Assets Investment Management LLC grew its holdings in NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after acquiring an additional 3,817,037 shares during the last quarter. Zimmer Partners LP increased its position in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after acquiring an additional 2,309,876 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Trading Up 0.4 %

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

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results 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 return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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