National Pension Service Acquires 491,462 Shares of NextEra Energy, Inc. (NYSE:NEE)

National Pension Service raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,960,232 shares of the utilities provider’s stock after acquiring an additional 491,462 shares during the period. National Pension Service’s holdings in NextEra Energy were worth $334,758,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NEE. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter worth about $27,000. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Proffitt & Goodson Inc. boosted its stake in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in NextEra Energy during the second quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in NextEra Energy in the third quarter worth $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Scotiabank raised their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Stock Up 1.0 %

NEE stock opened at $78.09 on Monday. The company has a market cap of $160.59 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.57. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The business has a 50 day moving average price of $82.39 and a two-hundred day moving average price of $76.87. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last released 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 business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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 paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.64%. NextEra Energy’s dividend payout ratio (DPR) is currently 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.