NextEra Energy, Inc. $NEE Stake Boosted by Modera Wealth Management LLC

Modera Wealth Management LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,877 shares of the utilities provider’s stock after purchasing an additional 11,106 shares during the quarter. Modera Wealth Management LLC’s holdings in NextEra Energy were worth $4,989,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in shares of NextEra Energy in the 2nd quarter worth about $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock valued at $1,430,834,000 after buying an additional 895,824 shares during the last quarter. Amundi grew its position in shares of NextEra Energy by 46.5% during the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock valued at $1,169,839,000 after buying an additional 4,231,814 shares during the last quarter. Bessemer Group Inc. grew its position in shares of NextEra Energy by 8.5% during the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock valued at $946,169,000 after buying an additional 799,546 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in NextEra Energy during the second quarter worth about $651,293,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 2.0%

NEE stock opened at $83.82 on Friday. 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 fifty-two week low of $74.41 and a fifty-two week high of $98.75. The firm’s 50-day simple moving average is $80.24 and its 200 day simple moving average is $87.17. The stock has a market cap of $175.80 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.64.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $8.09 billion for 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%. NextEra Energy’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.13 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Mizuho dropped their price target on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. 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 report on Friday, October 23rd. Scotiabank cut their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Finally, Bank of America reduced their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.