NextEra Energy, Inc. $NEE Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.2% during the third quarter, HoldingsChannel.com reports. The fund owned 483,649 shares of the utilities provider’s stock after purchasing an additional 32,357 shares during the quarter. Kestra Advisory Services LLC’s holdings in NextEra Energy were worth $36,632,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NEE shares. BMO Capital Markets set a $88.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. HSBC set a $103.00 target price on NextEra Energy in a report on Thursday, October 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 price target on shares of NextEra Energy in a research report on Wednesday, October 21st. Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 17th. Finally, Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $97.80.

NextEra Energy Stock Down 1.5%

Shares of NextEra Energy stock traded down $1.33 during trading hours on Friday, hitting $86.92. 11,876,626 shares of the company’s stock traded hands, compared to its average volume of 11,813,902. NextEra Energy, Inc. has a twelve month low of $74.41 and a twelve month high of $98.75. The company has a market cap of $182.30 billion, a PE ratio of 15.66, a PEG 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 has a 50 day simple moving average of $80.50 and a 200-day simple moving average of $87.27.

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

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s payout ratio is currently 44.86%.

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Clean-energy stocks rallied after Democrats won control of Congress, and the article says NextEra captured the rally. Its battery development and ability to supply power to data centers may help it benefit from rising electricity demand. NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
• Positive Sentiment: A Virginia Chamber of Commerce-commissioned study says the proposed Dominion merger could bring thousands of jobs to Virginia, adding an economic-benefit argument in support of the deal. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Neutral Sentiment: NextEra said senior management will participate in the EEI Financial Conference Nov. 8–10. The announcement does not identify new financial guidance or a specific business update. NextEra Energy to participate in EEI Financial Conference
• Neutral Sentiment: Another report describes the Virginia merger review as advancing with safeguards, but the available headline does not detail the terms or indicate whether approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Negative Sentiment: Faith leaders and community advocates urged Virginia regulators to reject NextEra’s proposed $67 billion acquisition of Dominion, highlighting opposition and continued regulatory risk around the transaction. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

NextEra Energy Company Profile

NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.

NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

The company traces its roots to 1925, when Florida Power & Light was established.