FMB Wealth Management Invests $232,000 in NextEra Energy, Inc. (NYSE:NEE)

FMB Wealth Management purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,743 shares of the utilities provider’s stock, valued at approximately $232,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp increased its position in NextEra Energy by 1.1% during the third quarter. Sigma Planning Corp now owns 120,005 shares of the utilities provider’s stock worth $10,144,000 after buying an additional 1,329 shares during the last quarter. Transcendent Capital Group LLC increased its holdings in shares of NextEra Energy by 24,842.9% during the 3rd quarter. Transcendent Capital Group LLC now owns 3,492 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 3,478 shares during the last quarter. Houlihan Financial Resource Group Ltd. acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $203,000. Mesirow Financial Investment Management Inc. raised its stake in shares of NextEra Energy by 10.2% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 19,643 shares of the utilities provider’s stock valued at $1,661,000 after acquiring an additional 1,812 shares in the last quarter. Finally, XML Financial LLC lifted its holdings in NextEra Energy by 2.7% in the 3rd quarter. XML Financial LLC now owns 16,577 shares of the utilities provider’s stock worth $1,401,000 after purchasing an additional 429 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.1 %

Shares of NEE opened at $76.97 on Friday. The stock’s 50-day moving average price is $82.05 and its 200 day moving average price is $77.11. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The firm has a market capitalization of $158.28 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.69 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating 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 business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the company posted $0.94 earnings per share. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NEE. Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.54.

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.