NextEra Energy, Inc. $NEE Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,168,734 shares of the utilities provider’s stock after acquiring an additional 61,478 shares during the quarter. ProShare Advisors LLC owned 0.10% of NextEra Energy worth $164,260,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Legal & General Group Plc purchased a new position in NextEra Energy during the 2nd quarter worth $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NextEra Energy by 5.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock valued at $1,430,834,000 after purchasing an additional 895,824 shares during the last quarter. Amundi raised its holdings in NextEra Energy by 46.5% in the second quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock valued at $1,169,839,000 after acquiring an additional 4,231,814 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of NextEra Energy by 8.5% during the first quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock worth $946,169,000 after purchasing an additional 799,546 shares during the last quarter. Finally, GQG Partners LLC acquired a new position in NextEra Energy during the second quarter worth $651,293,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NEE. BTIG Research set a $106.00 price objective on shares of NextEra Energy in a research note on Thursday, October 22nd. Piper Sandler set a $88.00 price target on shares of NextEra Energy in a report on Tuesday, October 20th. Weiss Ratings raised shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 22nd. Scotiabank cut their price target on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Finally, HSBC set a $103.00 target price on shares of NextEra Energy in a research note on Thursday, October 22nd. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.80.

NextEra Energy Stock Up 2.0%

NEE stock opened at $83.82 on Friday. The stock has a 50-day simple moving average of $80.24 and a two-hundred day simple moving average of $87.17. The firm has a market capitalization of $175.80 billion, a PE ratio of 15.10, a PEG ratio of 2.59 and a beta of 0.64. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a twelve month low of $74.41 and a twelve month high of $98.75.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.6232 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s dividend payout ratio is presently 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.