Pacer Advisors Inc. Has $12.91 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Pacer Advisors Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,741 shares of the utilities provider’s stock after acquiring an additional 7,867 shares during the quarter. Pacer Advisors Inc.’s holdings in NextEra Energy were worth $12,911,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in NextEra Energy by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after purchasing an additional 452,590 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $229,000. Thompson Siegel & Walmsley LLC raised its stake in shares of NextEra Energy by 117.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 8,453 shares of the utilities provider’s stock worth $715,000 after buying an additional 4,560 shares during the last quarter. German American Bancorp Inc. lifted its holdings in NextEra Energy by 48.7% in the third quarter. German American Bancorp Inc. now owns 6,784 shares of the utilities provider’s stock valued at $573,000 after buying an additional 2,222 shares during the period. Finally, Cypress Capital Group boosted its stake in NextEra Energy by 1.7% in the third quarter. Cypress Capital Group now owns 45,443 shares of the utilities provider’s stock valued at $3,841,000 after acquiring an additional 773 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $76.00 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market capitalization of $156.29 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.78 and a beta of 0.57. The business’s 50-day moving average price is $80.90 and its two-hundred day moving average price is $77.67. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 2.71%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Transactions at NextEra Energy

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley dropped 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 report on Friday. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Wells Fargo & Company upped their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Company 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.