NextEra Energy, Inc. $NEE Stock: Narwhal Capital Management Boosts Stake

Narwhal Capital Management raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 163,077 shares of the utilities provider’s stock after acquiring an additional 7,894 shares during the quarter. Narwhal Capital Management’s holdings in NextEra Energy were worth $12,351,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Global Wealth Management Investment Advisory Inc. increased its position in shares of NextEra Energy by 8.6% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 56,654 shares of the utilities provider’s stock valued at $4,291,000 after purchasing an additional 4,476 shares during the period. 71 West Capital Partners raised its stake in shares of NextEra Energy by 7.3% in the third quarter. 71 West Capital Partners now owns 17,471 shares of the utilities provider’s stock valued at $1,323,000 after purchasing an additional 1,183 shares in the last quarter. Welch & Forbes LLC lifted its position in NextEra Energy by 2.8% in the third quarter. Welch & Forbes LLC now owns 716,460 shares of the utilities provider’s stock worth $54,265,000 after purchasing an additional 19,584 shares during the period. Pinion Investment Advisors LLC lifted its position in NextEra Energy by 6.7% in the third quarter. Pinion Investment Advisors LLC now owns 17,767 shares of the utilities provider’s stock worth $1,346,000 after purchasing an additional 1,120 shares during the period. Finally, Gryphon Financial Partners LLC lifted its position in NextEra Energy by 2.8% in the third quarter. Gryphon Financial Partners LLC now owns 38,497 shares of the utilities provider’s stock worth $2,916,000 after purchasing an additional 1,049 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NEE shares. HSBC set a $103.00 price target on shares of NextEra Energy in a research note on Thursday, October 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 21st. Seaport Research Partners restated a “sell” rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. Scotiabank reduced their price objective on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Finally, BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Trading Down 0.7%

NEE stock opened at $86.27 on Wednesday. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $80.68 and its 200-day moving average is $87.29. The firm has a market cap of $180.93 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.68 and a beta of 0.60.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s dividend payout ratio is currently 44.86%.

NextEra Energy Company Profile

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.