FFG Partners LLC Acquires New Stake in NextEra Energy, Inc. (NYSE:NEE)

FFG Partners LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the third quarter, HoldingsChannel.com reports. The fund purchased 127,272 shares of the utilities provider’s stock, valued at approximately $10,758,000. NextEra Energy comprises about 3.7% of FFG Partners LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Border to Coast Pensions Partnership Ltd lifted its position in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after acquiring an additional 26,270 shares in the last quarter. Swiss National Bank lifted its position in shares of NextEra Energy by 0.4% in the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares during the last quarter. Dillon & Associates Inc. increased its holdings in shares of NextEra Energy by 16.0% in the 3rd quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider’s stock worth $5,042,000 after acquiring an additional 8,184 shares during the period. Magnolia Capital Advisors LLC boosted its position in shares of NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after buying an additional 66,982 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new stake in NextEra Energy in the third quarter worth about $25,801,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 0.0 %

NYSE:NEE traded down $0.03 on Friday, hitting $73.19. 504,238 shares of the company’s stock traded hands, compared to its average volume of 10,765,941. The company has a market cap of $150.51 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $78.61 and a 200-day moving average price of $77.76.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 2.81%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.