NextEra Energy, Inc. $NEE Stock: University of Texas Texas AM Investment Management Co. Cuts Position

University of Texas Texas AM Investment Management Co. cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 89.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,817 shares of the utilities provider’s stock after selling 24,958 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in NextEra Energy were worth $213,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NEE. Almanack Investment Partners LLC. boosted its holdings in shares of NextEra Energy by 19.0% in the 3rd quarter. Almanack Investment Partners LLC. now owns 3,157 shares of the utilities provider’s stock valued at $239,000 after buying an additional 503 shares in the last quarter. Johnson & White Wealth Management LLC raised its stake in shares of NextEra Energy by 2.6% during the 3rd quarter. Johnson & White Wealth Management LLC now owns 10,522 shares of the utilities provider’s stock worth $797,000 after acquiring an additional 264 shares in the last quarter. M Holdings Securities Inc. raised its stake in shares of NextEra Energy by 0.8% during the 3rd quarter. M Holdings Securities Inc. now owns 69,080 shares of the utilities provider’s stock worth $5,232,000 after acquiring an additional 518 shares in the last quarter. Brighton Jones LLC raised its stake in shares of NextEra Energy by 4.5% during the 3rd quarter. Brighton Jones LLC now owns 39,273 shares of the utilities provider’s stock worth $2,975,000 after acquiring an additional 1,709 shares in the last quarter. Finally, American State Bank Iowa lifted its position in NextEra Energy by 13.6% during the third quarter. American State Bank Iowa now owns 15,027 shares of the utilities provider’s stock valued at $1,138,000 after acquiring an additional 1,800 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NEE opened at $86.92 on Monday. 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’s fifty day moving average price is $80.50 and its 200-day moving average price is $87.27. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75. The firm has a market capitalization of $182.30 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60.

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 company had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. Morgan Stanley set a $110.00 target price on shares of NextEra Energy and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Seaport Research Partners reaffirmed a “sell” rating and issued a $56.00 price target (up from $55.00) on shares of NextEra Energy in a report on Friday, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $108.00 price target on shares of NextEra Energy in a research report on Wednesday, October 21st. HSBC set a $103.00 price objective on NextEra Energy in a report on Thursday, October 22nd. Finally, Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.80.

Key Stories Impacting NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Clean-energy stocks rallied after Democrats won control of Congress, and the article says NextEra captured the rally. Its battery development and ability to supply power to data centers may help it benefit from rising electricity demand. NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
• Positive Sentiment: A Virginia Chamber of Commerce-commissioned study says the proposed Dominion merger could bring thousands of jobs to Virginia, adding an economic-benefit argument in support of the deal. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Neutral Sentiment: NextEra said senior management will participate in the EEI Financial Conference Nov. 8–10. The announcement does not identify new financial guidance or a specific business update. NextEra Energy to participate in EEI Financial Conference
• Neutral Sentiment: Another report describes the Virginia merger review as advancing with safeguards, but the available headline does not detail the terms or indicate whether approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Negative Sentiment: Faith leaders and community advocates urged Virginia regulators to reject NextEra’s proposed $67 billion acquisition of Dominion, highlighting opposition and continued regulatory risk around the transaction. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

About NextEra Energy

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.

The company traces its roots to 1925, when Florida Power & Light was established.