Dillon & Associates Inc. Has $5.04 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Dillon & Associates Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,320 shares of the utilities provider's stock after purchasing an additional 8,184 shares during the quarter. Dillon & Associates Inc.'s holdings in NextEra Energy were worth $5,042,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Intech Investment Management LLC boosted its stake in shares of NextEra Energy by 35.7% in the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider's stock valued at $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after purchasing an additional 26,270 shares in the last quarter. Ancora Advisors LLC increased its stake in shares of NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider's stock valued at $5,112,000 after buying an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC lifted its position in NextEra Energy by 1,224.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock worth $5,130,000 after buying an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates increased its position in NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock valued at $421,831,000 after acquiring an additional 2,163,437 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NEE shares. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 target price on the stock. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Bank of America upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy has an average rating of "Hold" and a consensus target price of $86.54.

NextEra Energy Price Performance

NYSE:NEE remained flat at $74.26 during mid-day trading on Wednesday. 5,177,711 shares of the company were exchanged, compared to its average volume of 10,897,671. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The stock has a market capitalization of $152.71 billion, a PE ratio of 21.96, a PEG ratio of 2.68 and a beta of 0.57. The business has a 50 day simple moving average of $81.84 and a 200-day simple moving average of $77.39.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.77%. NextEra Energy's payout ratio is presently 60.95%.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.