First Personal Financial Services Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

First Personal Financial Services reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,016 shares of the utilities provider’s stock after selling 152 shares during the period. First Personal Financial Services’ holdings in NextEra Energy were worth $1,185,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NEE. M&G Plc purchased a new stake in NextEra Energy in the first quarter valued at $303,065,000. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after acquiring an additional 3,817,037 shares during the period. Zimmer Partners LP grew its position in NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NEE shares. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Morgan Stanley increased their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.54.

NextEra Energy Trading Up 3.1 %

Shares of NYSE:NEE opened at $76.97 on Friday. The company has a market cap of $158.28 billion, a PE ratio of 22.77, a P/E/G ratio of 2.69 and a beta of 0.57. The company’s 50-day moving average price is $82.05 and its 200 day moving average price is $77.11. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.68%. NextEra Energy’s payout ratio is 60.95%.

NextEra Energy Profile

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.