United Asset Strategies Inc. Purchases 8,996 Shares of NextEra Energy, Inc. (NYSE:NEE)

United Asset Strategies Inc. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 44.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,380 shares of the utilities provider’s stock after purchasing an additional 8,996 shares during the quarter. United Asset Strategies Inc.’s holdings in NextEra Energy were worth $2,483,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Proffitt & Goodson Inc. lifted its stake in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $33,000. Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $39,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at $45,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Up 0.7 %

NYSE:NEE traded up $0.52 during trading hours on Thursday, hitting $79.61. 4,066,620 shares of the company traded hands, compared to its average volume of 10,734,799. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market cap of $163.56 billion, a PE ratio of 21.56, a PEG ratio of 3.03 and a beta of 0.56. The firm’s 50-day simple moving average is $82.43 and its 200-day simple moving average is $76.55. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.59%. NextEra Energy’s dividend payout ratio is currently 56.13%.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.