Moloney Securities Asset Management LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Moloney Securities Asset Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,608 shares of the utilities provider’s stock after buying an additional 488 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in NextEra Energy were worth $3,855,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. M&G Plc purchased a new position in NextEra Energy in the first quarter valued at about $303,065,000. International Assets Investment Management LLC grew its stake in NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares in the last quarter. Zimmer Partners LP grew its stake in NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after purchasing an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after acquiring an additional 2,309,876 shares during the period. Finally, Raymond James & Associates boosted its stake in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after acquiring an additional 2,163,437 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $78.37 on Tuesday. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year 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 stock has a market capitalization of $161.16 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.79 and a beta of 0.57. The business’s fifty day moving average is $82.34 and its two-hundred day moving average is $76.97.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the company posted $0.94 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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 issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley lifted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Guggenheim boosted 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average price target of $86.54.

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.