Nations Financial Group Inc. IA ADV Acquires 7,229 Shares of NextEra Energy, Inc. (NYSE:NEE)

Nations Financial Group Inc. IA ADV lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,580 shares of the utilities provider's stock after buying an additional 7,229 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in NextEra Energy were worth $5,121,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its position 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 acquiring an additional 143,748 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in NextEra Energy by 9.2% during the second 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 during the period. Raymond James & Associates grew its stake in NextEra Energy by 14.3% during the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock worth $575,573,000 after purchasing an additional 851,873 shares during the period. Principal Financial Group Inc. grew its stake in NextEra Energy by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider's stock worth $431,966,000 after purchasing an additional 409,708 shares during the period. Finally, Bahl & Gaynor Inc. grew its stake in NextEra Energy by 6.9% during the second quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider's stock worth $423,568,000 after purchasing an additional 388,149 shares during the period. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NEE shares. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $86.54.

NextEra Energy Stock Down 1.4 %

Shares of NEE stock traded down $1.06 during trading hours on Monday, reaching $75.91. The company had a trading volume of 10,159,650 shares, compared to its average volume of 10,916,235. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The business has a fifty day simple moving average of $82.05 and a 200-day simple moving average of $77.27. The company has a market cap of $156.10 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating 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 company 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 earned $0.94 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. NextEra Energy's dividend payout ratio is presently 60.95%.

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.