Fiduciary Family Office LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Fiduciary Family Office LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,496 shares of the utilities provider’s stock after purchasing an additional 139 shares during the period. Fiduciary Family Office LLC’s holdings in NextEra Energy were worth $1,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. GSA Capital Partners LLP lifted its stake in NextEra Energy by 228.9% in the first quarter. GSA Capital Partners LLP now owns 23,113 shares of the utilities provider’s stock valued at $1,477,000 after buying an additional 16,085 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in NextEra Energy by 7.2% during the first quarter. Rehmann Capital Advisory Group now owns 19,087 shares of the utilities provider’s stock worth $1,220,000 after purchasing an additional 1,278 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in NextEra Energy by 47.6% during the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 16,762 shares of the utilities provider’s stock worth $1,071,000 after purchasing an additional 5,404 shares in the last quarter. Larson Financial Group LLC boosted its position in NextEra Energy by 34.1% during the first quarter. Larson Financial Group LLC now owns 1,330 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 338 shares in the last quarter. Finally, TFB Advisors LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at $272,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NEE shares. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Trading Down 0.5 %

Shares of NextEra Energy stock traded down $0.36 on Tuesday, reaching $78.01. 2,415,452 shares of the company were exchanged, compared to its average volume of 10,761,441. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $160.42 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. The stock has a fifty day moving average price of $82.34 and a 200-day moving average price of $76.97.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.64%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.