United Advisor Group LLC Acquires New Stake in NextEra Energy, Inc. (NYSE:NEE)

United Advisor Group LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,780 shares of the utilities provider’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of NextEra Energy by 34.1% during the 1st quarter. Larson Financial Group LLC now owns 1,330 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 338 shares during the period. SPC Financial Inc. increased its position in NextEra Energy by 16.7% in the first quarter. SPC Financial Inc. now owns 7,243 shares of the utilities provider’s stock worth $463,000 after buying an additional 1,036 shares in the last quarter. Advisory Alpha LLC increased its position in NextEra Energy by 13.4% in the first quarter. Advisory Alpha LLC now owns 12,709 shares of the utilities provider’s stock worth $812,000 after buying an additional 1,506 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of NextEra Energy by 4.7% in the first quarter. Manchester Capital Management LLC now owns 9,093 shares of the utilities provider’s stock worth $581,000 after buying an additional 407 shares during the period. Finally, OLD Second National Bank of Aurora lifted its position in shares of NextEra Energy by 832.1% during the 1st quarter. OLD Second National Bank of Aurora now owns 40,509 shares of the utilities provider’s stock valued at $2,589,000 after buying an additional 36,163 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Bank of America upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Trading Down 5.3 %

Shares of NEE opened at $74.52 on Thursday. 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 debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company’s fifty day moving average is $82.22 and its 200 day moving average is $77.05. The stock has a market capitalization of $153.24 billion, a PE ratio of 22.05, a P/E/G ratio of 2.83 and a beta of 0.57.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.76%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

NextEra Energy Profile

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.