Ashton Thomas Private Wealth LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,415 shares of the utilities provider's stock after acquiring an additional 10,852 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in NextEra Energy were worth $6,544,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proffitt & Goodson Inc. raised its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. grew its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the third quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new position in NextEra Energy in the second quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the third quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on NEE shares. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Dbs Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Finally, Bank of America lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of "Hold" and an average target price of $86.54.
Check Out Our Latest Research Report on NextEra Energy
NextEra Energy Stock Down 2.2 %
NEE stock traded down $1.65 during midday trading on Tuesday, hitting $74.26. The company's stock had a trading volume of 12,567,645 shares, compared to its average volume of 10,923,739. 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 52-week low of $53.81 and a 52-week high of $86.10. The firm has a market capitalization of $152.71 billion, a P/E ratio of 22.46, a PEG ratio of 2.78 and a beta of 0.57. The firm has a 50-day simple moving average of $81.95 and a 200-day simple moving average of $77.33.
NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates 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%. NextEra Energy's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.
NextEra Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.77%. NextEra Energy's dividend payout ratio is currently 60.95%.
NextEra Energy Company Profile
(
Free Report)
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.
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