NextEra Energy, Inc. $NEE Shares Newly Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the third quarter, Holdings Channel reports. The institutional investor bought 6,240 shares of the utilities provider’s stock, valued at approximately $473,000.

Several other hedge funds also recently bought and sold shares of NEE. Legal & General Group Plc purchased a new stake in shares of NextEra Energy during the 2nd quarter worth about $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NextEra Energy by 5.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock valued at $1,430,834,000 after buying an additional 895,824 shares in the last quarter. Amundi grew its stake in shares of NextEra Energy by 46.5% in the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock valued at $1,169,839,000 after buying an additional 4,231,814 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of NextEra Energy by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock valued at $946,169,000 after buying an additional 799,546 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in NextEra Energy in the second quarter worth approximately $651,293,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Clean-energy stocks rallied after Democrats won control of Congress, and the article says NextEra captured the rally. Its battery development and ability to supply power to data centers may help it benefit from rising electricity demand. NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
• Positive Sentiment: A Virginia Chamber of Commerce-commissioned study says the proposed Dominion merger could bring thousands of jobs to Virginia, adding an economic-benefit argument in support of the deal. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Neutral Sentiment: NextEra said senior management will participate in the EEI Financial Conference Nov. 8–10. The announcement does not identify new financial guidance or a specific business update. NextEra Energy to participate in EEI Financial Conference
• Neutral Sentiment: Another report describes the Virginia merger review as advancing with safeguards, but the available headline does not detail the terms or indicate whether approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Negative Sentiment: Faith leaders and community advocates urged Virginia regulators to reject NextEra’s proposed $67 billion acquisition of Dominion, highlighting opposition and continued regulatory risk around the transaction. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

NextEra Energy Stock Performance

NEE opened at $86.92 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. The company has a market cap of $182.30 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60. The stock has a 50-day moving average of $80.50 and a 200-day moving average of $87.27. NextEra Energy, Inc. has a 52-week low of $74.41 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The business had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same period last year, the business earned $1.13 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is 44.86%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. HSBC set a $103.00 price objective on shares of NextEra Energy in a research report on Thursday, October 22nd. Seaport Research Partners reissued a “sell” rating and issued a $56.00 target price (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Jefferies Financial Group reissued a “hold” rating on shares of NextEra Energy in a research report on Thursday, October 8th. BTIG Research set a $106.00 price target on shares of NextEra Energy in a research note on Thursday, October 22nd. Finally, Weiss Ratings raised shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

About NextEra Energy

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.

The company traces its roots to 1925, when Florida Power & Light was established.