NextEra Energy, Inc. $NEE Stock Position Raised by Torray Investment Partners LLC

Torray Investment Partners LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 26.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,460 shares of the utilities provider’s stock after purchasing an additional 61,898 shares during the quarter. NextEra Energy accounts for 3.0% of Torray Investment Partners LLC’s portfolio, making the stock its 12th largest position. Torray Investment Partners LLC’s holdings in NextEra Energy were worth $22,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kilter Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in shares of NextEra Energy in the second quarter worth $26,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of NextEra Energy in the second quarter worth $26,000. Financial Network Wealth Advisors LLC increased its position in NextEra Energy by 83.0% during the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 156 shares during the last quarter. Finally, Axiom Investment Management LLC purchased a new stake in NextEra Energy during the first quarter valued at $32,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.0%

Shares of NEE stock opened at $84.17 on Wednesday. NextEra Energy, Inc. has a 1 year low of $74.41 and a 1 year high of $98.75. The firm has a fifty day moving average price of $80.27 and a 200-day moving average price of $87.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45. The company has a market cap of $176.54 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.63 and a beta of 0.60.

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

NextEra Energy Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on NEE. Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 22nd. Scotiabank cut their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. Jefferies Financial Group restated a “hold” rating on shares of NextEra Energy in a research note on Thursday, October 8th. Seaport Research Partners reaffirmed a “sell” rating and set a $56.00 price target (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Finally, Mizuho lowered their price objective on shares of NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. One 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. According to MarketBeat.com, the stock currently has an average 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.