Sittner & Nelson LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

Sittner & Nelson LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,936 shares of the utilities provider’s stock after acquiring an additional 160 shares during the quarter. Sittner & Nelson LLC’s holdings in NextEra Energy were worth $333,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proffitt & Goodson Inc. increased its position in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. increased its position in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the third quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of NextEra Energy during the third quarter worth about $39,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NEE shares. Scotiabank lifted their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley lifted their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.54.

Check Out Our Latest Research Report on NextEra Energy

NextEra Energy Stock Performance

Shares of NEE stock opened at $74.58 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average of $82.22 and a two-hundred day moving average of $77.05. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The company has a market cap of $153.37 billion, a P/E ratio of 22.07, a PEG ratio of 2.83 and a beta of 0.57.

NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.76%. NextEra Energy’s payout ratio is 60.95%.

About NextEra Energy

(Free Report)

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

Featured Articles

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).