Global Strategic Investment Solutions LLC Acquires 208 Shares of NextEra Energy, Inc. (NYSE:NEE)

Global Strategic Investment Solutions LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,635 shares of the utilities provider’s stock after purchasing an additional 208 shares during the period. Global Strategic Investment Solutions LLC’s holdings in NextEra Energy were worth $392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. M&G Plc bought a new position in shares of NextEra Energy in the 1st quarter worth about $303,065,000. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after acquiring an additional 3,817,037 shares in the last quarter. Zimmer Partners LP increased its stake in shares of NextEra Energy by 8,447.5% in the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NEE shares. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Bank of America raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

NEE traded up $0.03 during midday trading on Thursday, reaching $74.55. The company had a trading volume of 2,565,387 shares, compared to its average volume of 10,838,249. The business has a 50-day moving average price of $82.22 and a two-hundred day moving average price of $77.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The stock has a market cap of $153.31 billion, a PE ratio of 22.05, a P/E/G ratio of 2.83 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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 paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.76%. NextEra Energy’s payout ratio is 60.95%.

About NextEra Energy

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.