Empower Advisory Group LLC Buys 32,324 Shares of NextEra Energy, Inc. (NYSE:NEE)

Empower Advisory Group LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,781,999 shares of the utilities provider's stock after purchasing an additional 32,324 shares during the quarter. Empower Advisory Group LLC owned approximately 0.09% of NextEra Energy worth $150,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Proffitt & Goodson Inc. boosted its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. grew its stake in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after buying an additional 225 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth $27,000. Valley Wealth Managers Inc. acquired a new position in NextEra Energy during the 2nd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the third quarter valued at about $39,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NEE stock traded down $0.14 during trading on Wednesday, hitting $74.12. The company had a trading volume of 5,407,997 shares, compared to its average volume of 10,898,718. The company has a fifty day moving average price of $81.84 and a two-hundred day moving average price of $77.39. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market cap of $152.42 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.68 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 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 the consensus estimate 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 for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, November 22nd. NextEra Energy's payout ratio is 60.95%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NEE shares. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Finally, Dbs Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $86.54.

NextEra Energy Profile

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.