NextEra Energy, Inc. $NEE Stock: Woodley Farra Manion Portfolio Management Inc. Decreases Holdings

Woodley Farra Manion Portfolio Management Inc. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 641,096 shares of the utilities provider’s stock after selling 12,190 shares during the quarter. NextEra Energy comprises about 2.4% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 17th largest position. Woodley Farra Manion Portfolio Management Inc.’s holdings in NextEra Energy were worth $48,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NEE. Pin Oak Investment Advisors Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $26,000. Kilter Group LLC acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $26,000. Axiom Investment Management LLC purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $32,000. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of NextEra Energy by 83.0% during 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. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.7%

Shares of NYSE NEE opened at $86.27 on Wednesday. The firm’s 50-day moving average is $80.68 and its two-hundred day moving average is $87.29. The company has a market capitalization of $180.93 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. NextEra Energy, Inc. has a 12-month low of $74.41 and a 12-month high of $98.75. 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 (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. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period in the prior year, the firm earned $1.13 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS 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. Stockholders of record on Friday, November 27th will be issued a $0.6232 dividend. 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 dividend payout ratio (DPR) is 44.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 22nd. BTIG Research set a $106.00 price objective on shares of NextEra Energy in a research note on Thursday, October 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research report on Wednesday, October 21st. Scotiabank reduced their target price on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. Finally, Piper Sandler set a $88.00 target price on shares of NextEra Energy in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Company 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.