NextEra Energy, Inc. $NEE Stock Position Raised by Welch & Forbes LLC

Welch & Forbes LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 716,460 shares of the utilities provider’s stock after purchasing an additional 19,584 shares during the period. Welch & Forbes LLC’s holdings in NextEra Energy were worth $54,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Kilter Group LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new position in NextEra Energy in the 2nd quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. purchased a new position in NextEra Energy in the 2nd quarter worth approximately $26,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of NextEra Energy by 83.0% during the 2nd quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 156 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $32,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE stock opened at $86.87 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45. The company has a market capitalization of $182.20 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The firm’s 50-day moving average is $80.61 and its two-hundred day moving average is $87.28. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 EPS. Analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.6232 dividend. The ex-dividend date is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 44.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler set a $88.00 price target on NextEra Energy in a research report on Tuesday, October 20th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Monday, October 12th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 22nd. Finally, Seaport Research Partners reaffirmed a “sell” rating and issued a $56.00 target price (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Profile

NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.

NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

The company traces its roots to 1925, when Florida Power & Light was established.