Welch Group LLC Purchases 20,729 Shares of NextEra Energy, Inc. $NEE

Welch Group LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 878,931 shares of the utilities provider’s stock after acquiring an additional 20,729 shares during the quarter. NextEra Energy accounts for approximately 2.3% of Welch Group LLC’s portfolio, making the stock its 16th largest position. Welch Group LLC’s holdings in NextEra Energy were worth $66,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Legal & General Group Plc bought a new position in shares of NextEra Energy in the second quarter valued at $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NextEra Energy by 5.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock worth $1,430,834,000 after acquiring an additional 895,824 shares during the period. Amundi boosted its holdings in NextEra Energy by 46.5% in the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock valued at $1,169,839,000 after purchasing an additional 4,231,814 shares during the period. Bessemer Group Inc. increased its stake in NextEra Energy by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock worth $946,169,000 after acquiring an additional 799,546 shares during the last quarter. Finally, GQG Partners LLC bought a new stake in NextEra Energy during the second quarter valued at approximately $651,293,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. BTIG Research set a $106.00 price objective on NextEra Energy in a research note on Thursday, October 22nd. Piper Sandler set a $88.00 target price on shares of NextEra Energy in a report on Tuesday, October 20th. BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the stock an “outperform” rating in a report on Tuesday, October 20th. Finally, Weiss Ratings raised shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Stock Up 0.1%

NEE stock opened at $83.82 on Monday. NextEra Energy, Inc. has a fifty-two week low of $74.41 and a fifty-two week high of $98.75. The business’s 50-day moving average is $80.24 and its two-hundred day moving average is $87.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. The company has a market cap of $175.80 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 2.59 and a beta of 0.60.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s dividend payout ratio is currently 44.86%.

NextEra Energy Company 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.