Simmons Bank Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Simmons Bank boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,935 shares of the utilities provider’s stock after purchasing an additional 3,000 shares during the quarter. Simmons Bank’s holdings in NextEra Energy were worth $9,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth about $27,000. Semmax Financial Advisors Inc. grew 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 valued at $26,000 after purchasing an additional 225 shares during the last quarter. Proffitt & Goodson Inc. increased its holdings 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 purchasing an additional 144 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy during the third quarter worth $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 2.2 %

NEE opened at $74.26 on Wednesday. The firm has a market cap of $152.71 billion, a P/E ratio of 21.97, a PEG ratio of 2.74 and a beta of 0.57. The business’s fifty day simple moving average is $81.84 and its 200 day simple moving average is $77.39. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

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

NextEra Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.