NextEra Energy, Inc. $NEE Stock Holdings Increased by Alps Advisors Inc.

Key Points

• Alps Advisors increased its NextEra Energy stake by 154.2% in the third quarter, adding 186,510 shares to bring its holdings to 307,473 shares, worth about $23.3 million.
• NextEra reported quarterly EPS of $1.24, above the $1.20 analyst consensus, while revenue of $8.09 billion fell short of expectations; revenue rose 1.6% year over year.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to a 2.9% annualized yield. Its proposed Dominion acquisition continues to face regulatory scrutiny and opposition in Virginia.

Alps Advisors Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 154.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 307,473 shares of the utilities provider's stock after buying an additional 186,510 shares during the period. Alps Advisors Inc.'s holdings in NextEra Energy were worth $23,288,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pin Oak Investment Advisors Inc. bought a new position in NextEra Energy during the 2nd quarter worth $26,000. Kilter Group LLC bought a new stake in shares of NextEra Energy in the second quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new position in shares of NextEra Energy in the second quarter valued at about $26,000. Axiom Investment Management LLC acquired a new position in shares of NextEra Energy in the first quarter valued at about $32,000. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of NextEra Energy by 83.0% in the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Key Stories Impacting NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Clean-energy stocks rallied after Democrats won control of Congress, and the article says NextEra captured the rally. Its battery development and ability to supply power to data centers may help it benefit from rising electricity demand. NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
• Positive Sentiment: A Virginia Chamber of Commerce-commissioned study says the proposed Dominion merger could bring thousands of jobs to Virginia, adding an economic-benefit argument in support of the deal. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Neutral Sentiment: NextEra said senior management will participate in the EEI Financial Conference Nov. 8–10. The announcement does not identify new financial guidance or a specific business update. NextEra Energy to participate in EEI Financial Conference
• Neutral Sentiment: Another report describes the Virginia merger review as advancing with safeguards, but the available headline does not detail the terms or indicate whether approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Negative Sentiment: Faith leaders and community advocates urged Virginia regulators to reject NextEra’s proposed $67 billion acquisition of Dominion, highlighting opposition and continued regulatory risk around the transaction. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

NextEra Energy Trading Down 1.5%

NEE opened at $86.92 on Friday. The company's 50 day moving average is $80.50 and its 200-day moving average is $87.27. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. The company has a market cap of $182.30 billion, a P/E ratio of 15.66, a PEG ratio of 2.69 and a beta of 0.60.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analysts' expectations of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy's dividend payout ratio (DPR) is 44.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NEE. Barclays lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday, October 23rd. HC Wainwright restated a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Piper Sandler set a $88.00 target price on shares of NextEra Energy in a research report on Tuesday, October 20th. Wall Street Zen raised shares of NextEra Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, October 17th. Finally, Wells Fargo & Company upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $97.80.

About NextEra Energy

NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.

NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

The company traces its roots to 1925, when Florida Power & Light was established.

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