NextEra Energy, Inc. $NEE Stock Position Raised by Torray Investment Partners LLC

Torray Investment Partners LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 26.1% during the third quarter, Holdings Channel.com reports. The fund owned 299,460 shares of the utilities provider’s stock after acquiring an additional 61,898 shares during the quarter. NextEra Energy accounts for 3.0% of Torray Investment Partners LLC’s investment portfolio, making the stock its 12th largest holding. Torray Investment Partners LLC’s holdings in NextEra Energy were worth $22,681,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in shares of NextEra Energy in the second quarter worth $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NextEra Energy by 5.8% during 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 period. Amundi raised its position 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 valued at $1,169,839,000 after purchasing an additional 4,231,814 shares during the period. Bessemer Group Inc. raised its position in shares of NextEra Energy by 8.5% during the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock valued at $946,169,000 after purchasing an additional 799,546 shares during the period. Finally, GQG Partners LLC purchased a new position in shares of NextEra Energy during the 2nd quarter valued at $651,293,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.0%

NEE stock opened at $84.17 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75. The business has a 50 day simple moving average of $80.27 and a two-hundred day simple moving average of $87.20. The company has a market capitalization of $176.54 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.63 and a beta of 0.60.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 40.37% and a return on equity of 12.27%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business 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 dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 44.86%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NEE shares. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a report on Monday, October 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a research note on Wednesday, October 21st. Bank of America decreased their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. Finally, Seaport Research Partners restated a “sell” rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. One equities 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 stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Company 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.