Saturna Capital Corp Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Saturna Capital Corp raised its position in NextEra Energy, Inc. (NYSE:NEE) by 13.6% during the third quarter, HoldingsChannel reports. The firm owned 9,175 shares of the utilities provider’s stock after buying an additional 1,100 shares during the quarter. Saturna Capital Corp’s holdings in NextEra Energy were worth $776,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Avantax Advisory Services Inc. grew its position in shares of NextEra Energy by 11.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 70,299 shares of the utilities provider’s stock valued at $4,493,000 after buying an additional 7,174 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of NextEra Energy by 2.2% in the 1st quarter. Bleakley Financial Group LLC now owns 43,342 shares of the utilities provider’s stock valued at $2,770,000 after buying an additional 925 shares during the last quarter. Koshinski Asset Management Inc. grew its position in shares of NextEra Energy by 305.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 26,546 shares of the utilities provider’s stock valued at $1,697,000 after buying an additional 20,004 shares during the last quarter. TD Asset Management Inc boosted its stake in NextEra Energy by 65.2% during the 1st quarter. TD Asset Management Inc now owns 3,274,868 shares of the utilities provider’s stock worth $209,297,000 after purchasing an additional 1,292,215 shares during the period. Finally, Angeles Wealth Management LLC acquired a new stake in NextEra Energy during the 1st quarter worth $206,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.4 %

Shares of NYSE NEE opened at $74.55 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $81.84 and a 200 day moving average price of $77.39. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market capitalization of $153.31 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.74 and a beta of 0.57.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 annualized dividend and a yield of 2.76%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, 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. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.54.

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.