NextEra Energy, Inc. $NEE Stock Acquired by SFE Investment Counsel

SFE Investment Counsel increased its position in NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 185,451 shares of the utilities provider’s stock after buying an additional 10,462 shares during the quarter. NextEra Energy comprises 2.0% of SFE Investment Counsel’s holdings, making the stock its 11th largest position. SFE Investment Counsel’s holdings in NextEra Energy were worth $14,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NEE. Kilter Group LLC purchased a new stake in NextEra Energy during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC purchased a new position in NextEra Energy in the 2nd quarter valued at about $26,000. Pin Oak Investment Advisors Inc. purchased a new position in NextEra Energy in the 2nd quarter valued at about $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of NextEra Energy by 83.0% during the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 156 shares in the last quarter. Finally, Axiom Investment Management LLC acquired a new stake in shares of NextEra Energy during the first quarter valued at about $32,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NEE shares. Mizuho dropped their target price on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Seaport Research Partners restated a “sell” rating and set a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. Barclays dropped their price objective on NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, October 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of NextEra Energy in a research report on Thursday, October 8th. Finally, Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Monday, October 12th. One 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. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Price Performance

NEE opened at $83.82 on Friday. The company has a 50-day moving average of $80.24 and a 200-day moving average of $87.17. The company has a market capitalization of $175.80 billion, a P/E ratio of 15.10, a PEG ratio of 2.59 and a beta of 0.64. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53.

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

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be paid 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 3.0%. NextEra Energy’s dividend payout ratio is presently 44.86%.

About NextEra Energy

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.