Brasada Capital Management LP Has $6.86 Million Stake in NextEra Energy Inc (NEE)
Brasada Capital Management LP cut its stake in NextEra Energy Inc (NYSE:NEE) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,905 shares of the utilities provider’s stock after selling 1,046 shares during the quarter. NextEra Energy accounts for about 1.9% of Brasada Capital Management LP’s portfolio, making the stock its 13th biggest position. Brasada Capital Management LP’s holdings in NextEra Energy were worth $6,856,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of NEE. Associated Banc Corp grew its holdings in shares of NextEra Energy by 9.6% in the third quarter. Associated Banc Corp now owns 19,967 shares of the utilities provider’s stock valued at $3,346,000 after acquiring an additional 1,751 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of NextEra Energy by 4.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 103,091 shares of the utilities provider’s stock valued at $17,279,000 after acquiring an additional 4,792 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of NextEra Energy in the third quarter valued at approximately $4,423,000. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in shares of NextEra Energy by 3.1% in the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 21,792 shares of the utilities provider’s stock valued at $3,652,000 after acquiring an additional 653 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its holdings in shares of NextEra Energy by 6.8% in the third quarter. Harbour Capital Advisors LLC now owns 8,135 shares of the utilities provider’s stock valued at $1,363,000 after acquiring an additional 521 shares in the last quarter. 75.59% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Howard Weil assumed coverage on NextEra Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Wells Fargo & Co upped their target price on NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 10th. Morgan Stanley reduced their target price on NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a report on Friday, September 21st. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price for the company in a report on Wednesday, August 8th. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $174.62.
Shares of NYSE NEE opened at $178.66 on Wednesday. NextEra Energy Inc has a 1-year low of $145.10 and a 1-year high of $179.99. The firm has a market cap of $84.39 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.72 and a beta of 0.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period in the prior year, the company earned $1.85 earnings per share. NextEra Energy’s revenue was down 8.1% compared to the same quarter last year. Analysts anticipate that NextEra Energy Inc will post 7.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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