NextEra Energy, Inc. $NEE Stock: Renaissance Investment Group LLC Increases Holdings

Renaissance Investment Group LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,886 shares of the utilities provider’s stock after acquiring an additional 13,100 shares during the quarter. NextEra Energy comprises approximately 1.9% of Renaissance Investment Group LLC’s holdings, making the stock its 25th largest holding. Renaissance Investment Group LLC’s holdings in NextEra Energy were worth $9,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parcion Private Wealth LLC grew its position in NextEra Energy by 1,015.2% during the third quarter. Parcion Private Wealth LLC now owns 75,933 shares of the utilities provider’s stock worth $5,751,000 after buying an additional 69,124 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in NextEra Energy by 2.6% in the 3rd quarter. Soltis Investment Advisors LLC now owns 12,632 shares of the utilities provider’s stock valued at $957,000 after acquiring an additional 320 shares in the last quarter. Harbour Trust & Investment Management Co raised its holdings in NextEra Energy by 0.6% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 150,750 shares of the utilities provider’s stock valued at $11,418,000 after acquiring an additional 955 shares in the last quarter. Choreo LLC lifted its position in shares of NextEra Energy by 0.3% in the 3rd quarter. Choreo LLC now owns 109,722 shares of the utilities provider’s stock worth $8,310,000 after acquiring an additional 278 shares during the period. Finally, Interchange Capital Partners LLC lifted its position in shares of NextEra Energy by 1.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 17,270 shares of the utilities provider’s stock worth $1,308,000 after acquiring an additional 241 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $83.82 on Friday. NextEra Energy, Inc. has a 12-month low of $74.41 and a 12-month high of $98.75. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $175.80 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.54 and a beta of 0.64. The firm has a 50-day moving average price of $80.24 and a 200 day moving average price of $87.17.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is 44.86%.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 22nd. Piper Sandler set a $88.00 target price on NextEra Energy in a research note on Tuesday, October 20th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Jefferies Financial Group reiterated a “hold” rating on shares of NextEra Energy in a research note on Thursday, October 8th. Finally, Bank of America decreased their price target on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.