Metis Global Partners LLC Has $14.70 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Metis Global Partners LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,928 shares of the utilities provider’s stock after acquiring an additional 10,484 shares during the period. Metis Global Partners LLC’s holdings in NextEra Energy were worth $14,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NEE. Legal & General Group Plc increased its position in NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after purchasing an additional 143,748 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after acquiring an additional 691,341 shares in the last quarter. Raymond James & Associates grew its position in NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after acquiring an additional 851,873 shares during the last quarter. Principal Financial Group Inc. raised its position in NextEra Energy by 7.2% in the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of NextEra Energy by 6.9% during the second quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock worth $423,568,000 after purchasing an additional 388,149 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NEE. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank raised their price objective 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. Finally, Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy Stock Down 0.0 %

Shares of NYSE NEE opened at $74.23 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a market cap of $152.65 billion, a PE ratio of 21.96, a P/E/G ratio of 2.68 and a beta of 0.57. The company’s fifty day simple moving average is $81.70 and its 200 day simple moving average is $77.36. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (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 company 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 firm earned $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed 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 is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.78%. NextEra Energy’s dividend payout ratio is 60.95%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

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.