Hudson Valley Investment Advisors Inc. ADV acquired a new stake in NextEra Energy Inc (NYSE:NEE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,124 shares of the utilities provider’s stock, valued at approximately $961,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new position in shares of NextEra Energy during the 2nd quarter worth $25,000. TRUE Private Wealth Advisors acquired a new position in NextEra Energy in the 2nd quarter worth about $25,000. Manchester Financial Inc. acquired a new position in NextEra Energy in the 2nd quarter worth about $26,000. First PREMIER Bank bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Vista Private Wealth Partners. LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $36,000. 74.53% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. KeyCorp upped their target price on NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a research report on Tuesday, August 13th. UBS Group upped their target price on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Guggenheim upped their price target on NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley upped their price target on NextEra Energy from $241.00 to $242.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $231.67.
Shares of NextEra Energy stock traded down $1.01 on Friday, hitting $222.08. The company had a trading volume of 1,583,945 shares, compared to its average volume of 1,974,897. The stock has a market capitalization of $111.01 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 3.40 and a beta of 0.17. NextEra Energy Inc has a 1 year low of $164.78 and a 1 year high of $239.89. The stock has a 50 day moving average of $231.32 and a 200-day moving average of $213.40. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.12. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. NextEra Energy’s revenue was up 26.1% on a year-over-year basis. During the same period last year, the business posted $2.18 earnings per share. Equities analysts anticipate that NextEra Energy Inc will post 8.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. NextEra Energy’s payout ratio is 64.94%.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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