NextEra Energy, Inc. $NEE Holdings Lessened by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 641,096 shares of the utilities provider’s stock after selling 12,190 shares during the period. NextEra Energy accounts for approximately 2.4% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 17th biggest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in NextEra Energy were worth $48,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Czech National Bank raised its stake in NextEra Energy by 4.7% during the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after purchasing an additional 26,378 shares during the period. Annex Advisory Services LLC grew its stake in shares of NextEra Energy by 13.9% in the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after buying an additional 86,585 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of NextEra Energy by 4.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock valued at $47,797,000 after buying an additional 21,569 shares during the period. CV Advisors LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $1,404,000. Finally, Avity Investment Management Inc. increased its holdings in shares of NextEra Energy by 5.7% during the 2nd quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock worth $43,936,000 after buying an additional 26,848 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Monday, October 12th. Seaport Research Partners reiterated a “sell” rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. HSBC set a $103.00 target price on NextEra Energy in a research note on Thursday, October 22nd. Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 22nd. Finally, Scotiabank decreased their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Stock Performance

Shares of NEE opened at $86.27 on Wednesday. The stock has a 50-day simple moving average of $80.68 and a 200-day simple moving average of $87.29. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. The stock has a market capitalization of $180.93 billion, a PE ratio of 15.54, a PEG ratio of 2.68 and a beta of 0.60. NextEra Energy, Inc. has a 1 year low of $74.41 and a 1 year 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 analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. NextEra Energy’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. On average, analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 44.86%.

About NextEra Energy

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.