NextEra Energy, Inc. (NYSE:NEE) is Hixon Zuercher LLC’s 7th Largest Position

Hixon Zuercher LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,774 shares of the utilities provider’s stock after selling 1,133 shares during the quarter. NextEra Energy accounts for about 3.0% of Hixon Zuercher LLC’s investment portfolio, making the stock its 7th largest position. Hixon Zuercher LLC’s holdings in NextEra Energy were worth $7,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NEE. GSA Capital Partners LLP boosted its stake in shares of NextEra Energy by 228.9% in the first quarter. GSA Capital Partners LLP now owns 23,113 shares of the utilities provider’s stock worth $1,477,000 after acquiring an additional 16,085 shares during the period. Larson Financial Group LLC raised its position in shares of NextEra Energy by 34.1% during the first quarter. Larson Financial Group LLC now owns 1,330 shares of the utilities provider’s stock valued at $85,000 after buying an additional 338 shares during the last quarter. Avidian Wealth Solutions LLC lifted its holdings in shares of NextEra Energy by 29.1% in the first quarter. Avidian Wealth Solutions LLC now owns 6,383 shares of the utilities provider’s stock worth $408,000 after buying an additional 1,440 shares in the last quarter. Catalina Capital Group LLC bought a new position in shares of NextEra Energy during the first quarter worth $267,000. Finally, SPC Financial Inc. grew its stake in NextEra Energy by 16.7% during the first quarter. SPC Financial Inc. now owns 7,243 shares of the utilities provider’s stock valued at $463,000 after acquiring an additional 1,036 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on NEE. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Bank of America raised 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. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $78.65 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.33 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 company has a market capitalization of $161.74 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.79 and a beta of 0.57. The firm’s 50-day moving average is $82.32 and its 200 day moving average is $77.07.

NextEra Energy (NYSE:NEE) last released 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 firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

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

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.