SFE Investment Counsel Buys 10,462 Shares of NextEra Energy, Inc. $NEE

SFE Investment Counsel boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,451 shares of the utilities provider’s stock after buying an additional 10,462 shares during the quarter. NextEra Energy accounts for approximately 2.0% of SFE Investment Counsel’s portfolio, making the stock its 11th largest holding. SFE Investment Counsel’s holdings in NextEra Energy were worth $14,046,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NEE. Kilter Group LLC acquired a new position in shares of NextEra Energy during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC purchased a new stake in NextEra Energy during the 2nd quarter worth about $26,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth about $26,000. Financial Network Wealth Advisors LLC grew its holdings in shares of NextEra Energy by 83.0% during the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock worth $30,000 after buying an additional 156 shares in the last quarter. Finally, Axiom Investment Management LLC purchased a new position in shares of NextEra Energy during the first quarter valued at approximately $32,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 2.0%

NEE stock opened at $83.82 on Friday. The business has a fifty day simple moving average of $80.24 and a 200-day simple moving average of $87.17. The company has a market cap of $175.80 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 2.59 and a beta of 0.64. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler set a $88.00 price target on NextEra Energy in a report on Tuesday, October 20th. Morgan Stanley set a $110.00 price objective on NextEra Energy and gave the company an “overweight” rating in a research report on Wednesday, October 14th. Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. Seaport Research Partners reiterated a “sell” rating and set a $56.00 target price (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Finally, Scotiabank decreased their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

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.