Principal Securities Inc. Has $4.39 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Principal Securities Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,921 shares of the utilities provider’s stock after purchasing an additional 6,645 shares during the period. Principal Securities Inc.’s holdings in NextEra Energy were worth $4,389,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NEE. Aspen Wealth Strategies LLC bought a new stake in shares of NextEra Energy during the third quarter worth approximately $495,000. Reston Wealth Management LLC bought a new stake in NextEra Energy in the third quarter valued at approximately $27,000. United Asset Strategies Inc. increased its stake in NextEra Energy by 44.1% in the third quarter. United Asset Strategies Inc. now owns 29,380 shares of the utilities provider’s stock valued at $2,483,000 after purchasing an additional 8,996 shares in the last quarter. US Bancorp DE increased its position in shares of NextEra Energy by 1.0% during the third quarter. US Bancorp DE now owns 2,989,988 shares of the utilities provider’s stock worth $252,744,000 after acquiring an additional 30,094 shares in the last quarter. Finally, Palumbo Wealth Management LLC increased its position in shares of NextEra Energy by 7.7% during the third quarter. Palumbo Wealth Management LLC now owns 6,817 shares of the utilities provider’s stock worth $576,000 after acquiring an additional 486 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NYSE:NEE opened at $77.35 on Friday. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The firm has a market cap of $159.06 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.56. The firm’s 50-day simple moving average is $82.39 and its 200 day simple moving average is $76.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.66%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NEE shares. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley increased their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.54.

About NextEra Energy

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.