Financial Partners Group Inc Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Financial Partners Group Inc boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,718 shares of the utilities provider’s stock after purchasing an additional 161 shares during the quarter. Financial Partners Group Inc’s holdings in NextEra Energy were worth $906,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its holdings in NextEra Energy by 228.9% during the 1st quarter. GSA Capital Partners LLP now owns 23,113 shares of the utilities provider’s stock valued at $1,477,000 after acquiring an additional 16,085 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of NextEra Energy by 7.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 19,087 shares of the utilities provider’s stock valued at $1,220,000 after buying an additional 1,278 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of NextEra Energy by 47.6% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 16,762 shares of the utilities provider’s stock valued at $1,071,000 after buying an additional 5,404 shares during the period. Larson Financial Group LLC boosted its stake in shares of NextEra Energy by 34.1% in the 1st quarter. Larson Financial Group LLC now owns 1,330 shares of the utilities provider’s stock valued at $85,000 after buying an additional 338 shares during the period. Finally, TFB Advisors LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at about $272,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.36 during trading on Tuesday, reaching $78.01. The company had a trading volume of 2,415,452 shares, compared to its average volume of 10,761,441. The firm has a market capitalization of $160.42 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock’s fifty day moving average price is $82.34 and its 200 day moving average price is $76.97. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’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, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.64%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Scotiabank boosted their target price 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. One investment 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’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $86.54.

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.