NextEra Energy, Inc. $NEE Stock: Narwhal Capital Management Grows Stake

Narwhal Capital Management increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 163,077 shares of the utilities provider’s stock after acquiring an additional 7,894 shares during the period. Narwhal Capital Management’s holdings in NextEra Energy were worth $12,351,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NEE. Kilter Group LLC acquired a new stake in NextEra Energy in the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in NextEra Energy during the second quarter valued at approximately $26,000. Pin Oak Investment Advisors Inc. acquired a new position in NextEra Energy during the second quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC grew its holdings in NextEra Energy by 83.0% during the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 156 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new position in shares of NextEra Energy in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NEE shares. BTIG Research set a $106.00 price target on shares of NextEra Energy in a research report on Thursday, October 22nd. Morgan Stanley set a $110.00 price objective on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Wednesday, October 14th. Seaport Research Partners reiterated a “sell” rating and issued a $56.00 target price (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. Barclays lowered their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, October 23rd. Finally, Piper Sandler set a $88.00 target price on shares of NextEra Energy in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Price Performance

NYSE NEE opened at $86.27 on Wednesday. The stock has a 50-day simple moving average of $80.68 and a 200 day simple moving average of $87.29. NextEra Energy, Inc. has a twelve month low of $74.41 and a twelve month high of $98.75. The stock has a market capitalization of $180.93 billion, a PE ratio of 15.54, a P/E/G ratio of 2.68 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s dividend payout ratio is currently 44.86%.

NextEra Energy Profile

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.