NextEra Energy, Inc. $NEE Stock: Eurizon Capital SGR S.p.A. Decreases Stake

Eurizon Capital SGR S.p.A. cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.8% in the third quarter, Holdings Channel reports. The fund owned 570,678 shares of the utilities provider’s stock after selling 35,152 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in NextEra Energy were worth $43,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PBU The Pension Fund of Early Childhood & Youth Educators increased its position in NextEra Energy by 6.9% during the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 163,230 shares of the utilities provider’s stock valued at $12,363,000 after purchasing an additional 10,471 shares during the period. Three Bridge Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $103,000. Maryland State Retirement & Pension System lifted its position in shares of NextEra Energy by 13.1% in 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 during the period. NBH Bank lifted its position in shares of NextEra Energy by 2.0% in the 3rd quarter. NBH Bank now owns 13,366 shares of the utilities provider’s stock worth $1,012,000 after purchasing an additional 265 shares during the period. Finally, Silver Grove Financial Group Inc. lifted its position in shares of NextEra Energy by 6.1% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 2,240 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 128 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 0.1%

NextEra Energy stock opened at $85.17 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 stock has a market capitalization of $178.62 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.64 and a beta of 0.60. The business has a fifty day moving average price of $80.81 and a 200-day moving average price of $87.29. 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 data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is currently 44.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded NextEra Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. Seaport Research Partners reissued a “sell” rating and issued a $56.00 price target (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. BTIG Research set a $106.00 price objective on NextEra Energy in a research note on Thursday, October 22nd. HSBC set a $103.00 price objective on NextEra Energy in a research report on Thursday, October 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of NextEra Energy in a research note on Thursday, October 8th. One equities research 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, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $97.80.

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.