NextEra Energy, Inc. $NEE Stock Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,338 shares of the utilities provider’s stock after buying an additional 7,334 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in NextEra Energy were worth $6,312,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Legal & General Group Plc bought a new stake in NextEra Energy in the 2nd quarter valued at approximately $1,465,987,000. GQG Partners LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $651,293,000. Canada Pension Plan Investment Board bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $389,527,000. Amundi grew its stake in shares of NextEra Energy by 46.5% during the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after acquiring an additional 4,231,814 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $288,886,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NEE shares. Mizuho cut their price objective on shares of NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Bank of America decreased their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group reiterated a “hold” rating on shares of NextEra Energy in a research note on Thursday, October 8th. Seaport Research Partners reissued a “sell” rating and set a $56.00 price target (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Finally, Morgan Stanley set a $110.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Stock Down 1.0%

NYSE:NEE opened at $84.17 on Wednesday. NextEra Energy, Inc. has a twelve month low of $74.41 and a twelve month high of $98.75. The firm has a market capitalization of $176.54 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.60. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average price is $80.27 and its two-hundred day moving average price is $87.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The company had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is 44.86%.

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.