NextEra Energy, Inc. $NEE Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.4% in the third quarter, Holdings Channel reports. The fund owned 65,351 shares of the utilities provider’s stock after purchasing an additional 8,712 shares during the quarter. Confluence Wealth Services Inc.’s holdings in NextEra Energy were worth $4,950,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in shares of NextEra Energy during the 2nd quarter valued at about $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock valued at $1,430,834,000 after purchasing an additional 895,824 shares during the last quarter. Amundi lifted its stake in shares of NextEra Energy by 46.5% in the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after purchasing an additional 4,231,814 shares during the period. Bessemer Group Inc. lifted its stake in shares of NextEra Energy by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock worth $946,169,000 after purchasing an additional 799,546 shares during the period. Finally, GQG Partners LLC bought a new position in shares of NextEra Energy in the 2nd quarter worth approximately $651,293,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. BMO Capital Markets set a $88.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. Jefferies Financial Group reissued a “hold” rating on shares of NextEra Energy in a research report on Thursday, October 8th. Scotiabank reduced their price objective on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. Mizuho decreased their target price on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Finally, Barclays lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Price Performance

NYSE NEE opened at $86.27 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The stock has a market cap of $180.93 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.68 and a beta of 0.60. The company’s 50 day moving average is $80.68 and its two-hundred day moving average is $87.29.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business 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%. The business’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. As a group, research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

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.