NextEra Energy, Inc. $NEE Stock: Parcion Private Wealth LLC Boosts Stake

Parcion Private Wealth LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 1,015.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,933 shares of the utilities provider’s stock after purchasing an additional 69,124 shares during the quarter. Parcion Private Wealth LLC’s holdings in NextEra Energy were worth $5,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. PUREfi Wealth LLC increased its stake in shares of NextEra Energy by 0.9% during the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after purchasing an additional 107 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of NextEra Energy by 12.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 111 shares during the period. Legacy Wealth Managment LLC ID raised its holdings in shares of NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 112 shares during the period. Fingerlakes Wealth Management Inc. lifted its stake in NextEra Energy by 0.7% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 116 shares during the last quarter. Finally, Zhang Financial LLC lifted its stake in NextEra Energy by 1.0% in the 2nd quarter. Zhang Financial LLC now owns 12,432 shares of the utilities provider’s stock valued at $1,091,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NEE. Mizuho dropped their price objective on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. BTIG Research set a $106.00 target price on NextEra Energy in a report on Thursday, October 22nd. BMO Capital Markets set a $88.00 target price on NextEra Energy and gave the stock an “outperform” rating in a report on Tuesday, October 20th. Finally, Barclays dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Stock Up 2.0%

Shares of NEE opened at $83.82 on Friday. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The firm has a market cap of $175.80 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 2.54 and a beta of 0.64. The firm’s 50-day simple moving average is $80.24 and its 200 day simple moving average is $87.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.6232 per share. The ex-dividend date is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is 44.86%.

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.