33,307 NextEra Energy, Inc. $NEE Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 374,385 shares of the utilities provider’s stock after acquiring an additional 33,307 shares during the period. Rakuten Investment Management Inc.’s holdings in NextEra Energy were worth $28,412,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC increased its position in NextEra Energy by 9.6% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 83,338 shares of the utilities provider’s stock valued at $6,312,000 after purchasing an additional 7,334 shares during the period. Farrow Financial Inc. lifted its position in shares of NextEra Energy by 1.4% in the 3rd quarter. Farrow Financial Inc. now owns 31,513 shares of the utilities provider’s stock worth $2,387,000 after purchasing an additional 422 shares during the period. Third View Private Wealth LLC lifted its position in shares of NextEra Energy by 13.7% in the 3rd quarter. Third View Private Wealth LLC now owns 5,598 shares of the utilities provider’s stock worth $424,000 after purchasing an additional 675 shares during the period. Provenance Wealth Advisors LLC lifted its position in shares of NextEra Energy by 6,457.9% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 46,627 shares of the utilities provider’s stock worth $3,532,000 after purchasing an additional 45,916 shares during the period. Finally, Hughes Financial Services LLC boosted its stake in shares of NextEra Energy by 81.9% in the 3rd quarter. Hughes Financial Services LLC now owns 1,266 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Monday, October 12th. Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 17th. Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. Finally, HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.17 on Wednesday. The company has a market cap of $176.54 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.60. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $80.27 and a 200-day moving average of $87.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results 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. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The firm had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, November 27th. NextEra Energy’s payout ratio is 44.86%.

About NextEra Energy

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.