Townsquare Capital LLC Acquires 12,689 Shares of NextEra Energy, Inc. (NYSE:NEE)

Townsquare Capital LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 37.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,646 shares of the utilities provider’s stock after acquiring an additional 12,689 shares during the quarter. Townsquare Capital LLC’s holdings in NextEra Energy were worth $3,943,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Baldwin Investment Management LLC boosted its stake in shares of NextEra Energy by 0.9% during the third quarter. Baldwin Investment Management LLC now owns 35,357 shares of the utilities provider’s stock valued at $2,989,000 after purchasing an additional 317 shares in the last quarter. Brooklyn Investment Group grew its holdings in NextEra Energy by 19.0% during the 3rd quarter. Brooklyn Investment Group now owns 19,425 shares of the utilities provider’s stock worth $1,642,000 after acquiring an additional 3,099 shares during the last quarter. Covington Investment Advisors Inc. increased its position in NextEra Energy by 0.5% in the 3rd quarter. Covington Investment Advisors Inc. now owns 58,205 shares of the utilities provider’s stock valued at $4,920,000 after acquiring an additional 280 shares during the period. Quantbot Technologies LP raised its stake in shares of NextEra Energy by 171.9% during the third quarter. Quantbot Technologies LP now owns 83,623 shares of the utilities provider’s stock valued at $7,069,000 after acquiring an additional 52,866 shares during the last quarter. Finally, Associated Banc Corp lifted its holdings in shares of NextEra Energy by 2.1% during the third quarter. Associated Banc Corp now owns 198,652 shares of the utilities provider’s stock worth $16,792,000 after purchasing an additional 4,052 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Morgan Stanley decreased their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.85.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $78.67 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock’s 50 day moving average is $80.32 and its 200-day moving average is $77.83. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $161.78 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.84 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.