NextEra Energy, Inc. $NEE Stake Increased by Parcion Private Wealth LLC

Parcion Private Wealth LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1,015.2% in the third quarter, HoldingsChannel.com reports. The firm owned 75,933 shares of the utilities provider’s stock after purchasing an additional 69,124 shares during the quarter. Parcion Private Wealth LLC’s holdings in NextEra Energy were worth $5,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Soltis Investment Advisors LLC raised its stake in NextEra Energy by 2.6% in the third quarter. Soltis Investment Advisors LLC now owns 12,632 shares of the utilities provider’s stock valued at $957,000 after purchasing an additional 320 shares in the last quarter. Harbour Trust & Investment Management Co lifted its position in NextEra Energy by 0.6% during the third quarter. Harbour Trust & Investment Management Co now owns 150,750 shares of the utilities provider’s stock worth $11,418,000 after purchasing an additional 955 shares during the period. Choreo LLC lifted its position in NextEra Energy by 0.3% during the third quarter. Choreo LLC now owns 109,722 shares of the utilities provider’s stock worth $8,310,000 after purchasing an additional 278 shares during the period. Interchange Capital Partners LLC lifted its position in NextEra Energy by 1.4% during the third quarter. Interchange Capital Partners LLC now owns 17,270 shares of the utilities provider’s stock worth $1,308,000 after purchasing an additional 241 shares during the period. Finally, Livelsberger Financial Advisory acquired a new stake in NextEra Energy during the third quarter worth about $210,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on NEE shares. BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, October 20th. HSBC set a $103.00 price target on shares of NextEra Energy in a report on Thursday, October 22nd. Bank of America cut their price target on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Wall Street Zen upgraded shares of NextEra Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 17th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of NextEra Energy in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Price Performance

Shares of NEE stock opened at $83.82 on Friday. The business has a fifty day simple moving average of $80.24 and a 200 day simple moving average of $87.17. The company has a market cap of $175.80 billion, a P/E ratio of 15.10, a P/E/G ratio of 2.54 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 released 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. The firm 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 business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business 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 dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s payout ratio 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.