Wright Investors Service Inc. Has $3.71 Million Stake in NextEra Energy, Inc. $NEE

Wright Investors Service Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 23.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,168 shares of the utilities provider’s stock after purchasing an additional 9,240 shares during the quarter. NextEra Energy comprises about 1.1% of Wright Investors Service Inc.’s portfolio, making the stock its 23rd biggest position. Wright Investors Service Inc.’s holdings in NextEra Energy were worth $3,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC increased its position in NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after purchasing an additional 3,479 shares during the period. Balefire LLC bought a new stake in NextEra Energy during the 2nd quarter worth about $267,000. Finally, Gateway Investment Advisers LLC lifted its position in NextEra Energy by 17.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 98,360 shares of the utilities provider’s stock valued at $6,828,000 after purchasing an additional 14,554 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $82.19 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The firm has a fifty day moving average of $82.32 and a 200-day moving average of $78.10. The firm has a market capitalization of $171.17 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. BMO Capital Markets reaffirmed an “outperform” rating and issued a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Barclays raised their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday. HSBC lifted their target price on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Evercore ISI reissued an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research note on Tuesday, October 28th. Finally, UBS Group set a $91.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Insider Buying and Selling

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.