Pittenger & Anderson Inc. Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Pittenger & Anderson Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,602 shares of the utilities provider’s stock after buying an additional 1,625 shares during the period. Pittenger & Anderson Inc.’s holdings in NextEra Energy were worth $1,319,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of NEE. W.H. Cornerstone Investments Inc. purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at $410,000. United Advisor Group LLC bought a new position in NextEra Energy during the third quarter valued at about $235,000. Central Bank & Trust Co. increased its holdings in NextEra Energy by 3.2% during the third quarter. Central Bank & Trust Co. now owns 5,909 shares of the utilities provider’s stock worth $499,000 after buying an additional 183 shares during the last quarter. Greenwood Capital Associates LLC raised its position in NextEra Energy by 100.0% in the third quarter. Greenwood Capital Associates LLC now owns 74,164 shares of the utilities provider’s stock worth $6,269,000 after acquiring an additional 37,078 shares during the period. Finally, Moloney Securities Asset Management LLC boosted its stake in NextEra Energy by 1.1% in the third quarter. Moloney Securities Asset Management LLC now owns 45,608 shares of the utilities provider’s stock valued at $3,855,000 after acquiring an additional 488 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.4 %

Shares of NYSE:NEE opened at $78.65 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The company has a market cap of $161.74 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.79 and a beta of 0.57. The firm has a fifty day moving average price of $82.32 and a two-hundred day moving average price of $77.07.

NextEra Energy (NYSE:NEE) last announced its 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 business had revenue of $7.57 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.94 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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 paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.