NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Haverford Trust Co

Haverford Trust Co raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,560,258 shares of the utilities provider's stock after buying an additional 22,546 shares during the quarter. NextEra Energy comprises about 1.3% of Haverford Trust Co's investment portfolio, making the stock its 27th biggest holding. Haverford Trust Co owned about 0.08% of NextEra Energy worth $131,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Legal & General Group Plc increased its holdings in shares of NextEra Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock worth $1,508,155,000 after purchasing an additional 143,748 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider's stock worth $579,097,000 after purchasing an additional 691,341 shares in the last quarter. Raymond James & Associates grew its holdings in shares of NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock worth $575,573,000 after acquiring an additional 851,873 shares during the period. Principal Financial Group Inc. grew its holdings in shares of NextEra Energy by 7.2% in the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider's stock worth $431,966,000 after acquiring an additional 409,708 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in shares of NextEra Energy by 6.9% in the second quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider's stock worth $423,568,000 after acquiring an additional 388,149 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE traded down $0.26 during midday trading on Wednesday, reaching $74.00. 5,613,811 shares of the stock were exchanged, compared to its average volume of 10,899,653. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The business's 50-day moving average price is $81.84 and its 200 day moving average price is $77.39. The company has a market capitalization of $152.17 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.68 and a beta of 0.57.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid 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 of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is 60.95%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of "Hold" and an average target price of $86.54.

NextEra Energy Company 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.