Platform Technology Partners Has $2.79 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Platform Technology Partners lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,054 shares of the utilities provider’s stock after selling 173 shares during the period. NextEra Energy accounts for 0.9% of Platform Technology Partners’ holdings, making the stock its 28th largest holding. Platform Technology Partners’ holdings in NextEra Energy were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. increased its holdings in NextEra Energy by 11.4% in the first quarter. Avantax Advisory Services Inc. now owns 70,299 shares of the utilities provider’s stock valued at $4,493,000 after purchasing an additional 7,174 shares during the period. Bleakley Financial Group LLC raised its position in shares of NextEra Energy by 2.2% during the first quarter. Bleakley Financial Group LLC now owns 43,342 shares of the utilities provider’s stock worth $2,770,000 after acquiring an additional 925 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of NextEra Energy in the first quarter worth approximately $421,000. Koshinski Asset Management Inc. increased its position in NextEra Energy by 305.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 26,546 shares of the utilities provider’s stock valued at $1,697,000 after purchasing an additional 20,004 shares during the period. Finally, Rogco LP raised its holdings in NextEra Energy by 5.0% during the 1st quarter. Rogco LP now owns 4,655 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Wells Fargo & Company raised their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Trading Down 1.4 %

NYSE:NEE opened at $75.91 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The company has a market cap of $156.10 billion, a PE ratio of 22.46, a PEG ratio of 2.78 and a beta of 0.57. The firm has a 50-day moving average of $81.95 and a 200-day moving average of $77.33.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company posted $0.94 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is 60.95%.

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.