Objective Capital Management LLC Invests $283,000 in NextEra Energy, Inc. (NYSE:NEE)

Objective Capital Management LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,350 shares of the utilities provider’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in shares of NextEra Energy by 21.5% during the first quarter. Empowered Funds LLC now owns 60,563 shares of the utilities provider’s stock valued at $3,871,000 after purchasing an additional 10,732 shares during the last quarter. PFG Advisors lifted its holdings in shares of NextEra Energy by 1.5% during the first quarter. PFG Advisors now owns 15,403 shares of the utilities provider’s stock valued at $984,000 after purchasing an additional 231 shares during the last quarter. Primoris Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 15.0% during the first quarter. Primoris Wealth Advisors LLC now owns 38,524 shares of the utilities provider’s stock valued at $2,462,000 after purchasing an additional 5,019 shares during the last quarter. Montag A & Associates Inc. lifted its holdings in shares of NextEra Energy by 1.5% during the first quarter. Montag A & Associates Inc. now owns 66,005 shares of the utilities provider’s stock valued at $4,218,000 after purchasing an additional 952 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of NextEra Energy by 89.2% during the first quarter. Atomi Financial Group Inc. now owns 19,777 shares of the utilities provider’s stock valued at $1,264,000 after purchasing an additional 9,324 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NEE. Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Up 3.1 %

NEE traded up $2.35 during trading on Friday, reaching $76.97. The company had a trading volume of 14,657,144 shares, compared to its average volume of 10,931,047. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The business’s fifty day moving average price is $82.05 and its 200 day moving average price is $77.11. The company has a market cap of $158.28 billion, a P/E ratio of 22.78, a PEG ratio of 2.69 and a beta of 0.57.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.68%. NextEra Energy’s payout ratio is 60.95%.

NextEra Energy Company 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.