Houlihan Financial Resource Group Ltd. Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Houlihan Financial Resource Group Ltd. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,407 shares of the utilities provider’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Intech Investment Management LLC raised its stake in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after purchasing an additional 26,382 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after acquiring an additional 26,270 shares in the last quarter. Ancora Advisors LLC boosted its holdings in NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after acquiring an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC grew its stake in shares of NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after acquiring an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 3.1 %

NEE opened at $76.97 on Friday. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The company has a market cap of $158.28 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.57. 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 company has a 50 day moving average of $82.05 and a 200 day moving average of $77.11.

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, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during 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 firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.68%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NEE shares. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.