Principal Securities Inc. Acquires 6,645 Shares of NextEra Energy, Inc. (NYSE:NEE)

Principal Securities Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,921 shares of the utilities provider's stock after purchasing an additional 6,645 shares during the quarter. Principal Securities Inc.'s holdings in NextEra Energy were worth $4,389,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NEE. Intech Investment Management LLC lifted its holdings in NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider's stock valued at $6,411,000 after buying an additional 26,382 shares during the period. Border to Coast Pensions Partnership Ltd lifted its holdings 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 valued at $102,495,000 after buying an additional 26,270 shares during the period. Ancora Advisors LLC lifted its holdings in 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 during the period. Magnolia Capital Advisors LLC lifted its holdings in NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock valued at $5,130,000 after buying an additional 66,982 shares during the period. Finally, Raymond James & Associates lifted its holdings in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock valued at $421,831,000 after buying an additional 2,163,437 shares during the period. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NEE shares. Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a "hold" rating and a $87.00 price objective on the stock. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective 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. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Finally, Morgan Stanley upped their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.54.

NextEra Energy Stock Down 2.4 %

NEE stock traded down $1.90 during trading on Friday, reaching $77.35. The stock had a trading volume of 14,615,297 shares, compared to its average volume of 10,797,381. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company's 50 day moving average is $82.39 and its two-hundred day moving average is $76.77. The company has a market capitalization of $159.06 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data 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 net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the firm posted $0.94 EPS. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current 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 given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio is currently 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.