7,139 NextEra Energy, Inc. $NEE Shares Bought by Renasant Bank

Renasant Bank increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 154.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,752 shares of the utilities provider’s stock after acquiring an additional 7,139 shares during the period. Renasant Bank’s holdings in NextEra Energy were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kilter Group LLC acquired a new position in NextEra Energy during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $26,000. Financial Network Wealth Advisors LLC raised its stake in shares of NextEra Energy by 83.0% in the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock worth $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.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley set a $110.00 target price on NextEra Energy and gave the company an “overweight” rating in a research report on Wednesday, October 14th. Piper Sandler set a $88.00 price target on NextEra Energy in a research report on Tuesday, October 20th. Barclays lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, October 23rd. Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. Finally, Seaport Research Partners reaffirmed a “sell” rating and set a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $97.80.

NextEra Energy Stock Performance

NEE stock opened at $86.27 on Wednesday. The firm has a market cap 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 quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average of $80.68 and a 200-day moving average of $87.29. NextEra Energy, Inc. has a 12-month low of $74.41 and a 12-month high of $98.75.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.27% and a net margin of 40.37%. NextEra Energy’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $1.13 earnings per share. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

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