NextEra Energy, Inc. $NEE Stock Position Boosted by Modera Wealth Management LLC

Modera Wealth Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,877 shares of the utilities provider’s stock after acquiring an additional 11,106 shares during the quarter. Modera Wealth Management LLC’s holdings in NextEra Energy were worth $4,989,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Czech National Bank lifted its holdings in NextEra Energy by 4.7% in the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after buying an additional 26,378 shares in the last quarter. Annex Advisory Services LLC boosted its position in NextEra Energy by 13.9% in the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after buying an additional 86,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of NextEra Energy by 4.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock valued at $47,797,000 after acquiring an additional 21,569 shares in the last quarter. Avity Investment Management Inc. grew its stake in shares of NextEra Energy by 5.7% during the second quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock valued at $43,936,000 after acquiring an additional 26,848 shares in the last quarter. Finally, CV Advisors LLC purchased a new stake in shares of NextEra Energy during the second quarter worth about $1,404,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Scotiabank cut their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Wall Street Zen upgraded NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. Piper Sandler set a $88.00 price objective on NextEra Energy in a research note on Tuesday, October 20th. Bank of America dropped their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Finally, Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $97.80.

NextEra Energy Trading Up 2.0%

NYSE NEE opened at $83.82 on Friday. The company has a market capitalization of $175.80 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The company’s fifty day moving average price is $80.24 and its two-hundred day moving average price is $87.17.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.6232 dividend. This represents a $2.49 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s payout ratio is currently 44.86%.

NextEra Energy Profile

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.