NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Campbell Wealth Management

Campbell Wealth Management grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,289 shares of the utilities provider’s stock after acquiring an additional 575 shares during the quarter. NextEra Energy comprises 0.1% of Campbell Wealth Management’s portfolio, making the stock its 25th biggest position. Campbell Wealth Management’s holdings in NextEra Energy were worth $954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the third quarter worth about $27,000. Semmax Financial Advisors Inc. boosted its position in shares of NextEra Energy by 197.4% in the second 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 period. Proffitt & Goodson Inc. boosted its position 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 worth $26,000 after buying an additional 144 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the second quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy in the third quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 2.4 %

Shares of NextEra Energy stock opened at $77.35 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The business’s 50 day simple moving average is $82.39 and its 200-day simple moving average is $76.67. The stock has a market capitalization of $159.06 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.86 and a beta of 0.56. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current 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 given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of analyst reports. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. JPMorgan Chase & Co. increased 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. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $86.54.

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.