NextEra Energy, Inc. $NEE Shares Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,230 shares of the utilities provider’s stock after buying an additional 10,471 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in NextEra Energy were worth $12,363,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Three Bridge Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $103,000. Maryland State Retirement & Pension System grew its holdings in shares of NextEra Energy by 13.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 127,632 shares of the utilities provider’s stock worth $9,667,000 after purchasing an additional 14,817 shares in the last quarter. NBH Bank increased its position in shares of NextEra Energy by 2.0% during the third quarter. NBH Bank now owns 13,366 shares of the utilities provider’s stock valued at $1,012,000 after purchasing an additional 265 shares during the period. Silver Grove Financial Group Inc. raised its stake in shares of NextEra Energy by 6.1% in the third quarter. Silver Grove Financial Group Inc. now owns 2,240 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 128 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of NextEra Energy by 29.8% in the third quarter. Illinois Municipal Retirement Fund now owns 50,803 shares of the utilities provider’s stock valued at $3,848,000 after purchasing an additional 11,662 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NEE shares. BMO Capital Markets set a $88.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. Piper Sandler set a $88.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 20th. BTIG Research set a $106.00 price objective on shares of NextEra Energy in a report on Thursday, October 22nd. Seaport Research Partners reiterated a “sell” rating and set a $56.00 target price (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Finally, Wall Street Zen raised shares of NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.80.

More NextEra Energy News

Investors following NEE have been watching these news items:

• Positive Sentiment: NextEra shareholders approved the Dominion transaction, clearing an important step toward a merger. The deal still faces further steps before completion. Article: NextEra Energy Shareholders Approve the Dominion Deal
• Positive Sentiment: The State Street Utilities SPDR (XLU) reportedly increased its NextEra holdings by $76 million, a sign of added institutional demand. Article: State Street Utilities SPDR Buys More NextEra
• Neutral Sentiment: Florida Power & Light, a NextEra subsidiary, doubled funding for its energy-saving program to $30 million. The initiative includes a $200 bill credit for eligible customers; its direct financial impact on NextEra was not specified. Article: FPL Doubles Saving Steps Funding

NextEra Energy Price Performance

NextEra Energy stock opened at $85.30 on Friday. 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 $178.91 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.66 and a beta of 0.60. NextEra Energy, Inc. has a one year low of $74.41 and a one year high of $98.75. The business has a 50 day simple moving average of $80.79 and a 200 day simple moving average of $87.30.

NextEra Energy (NYSE:NEE) last announced 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. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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