NextEra Energy, Inc. (NYSE:NEE) Position Cut by 1858 Wealth Management LLC

1858 Wealth Management LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,143 shares of the utilities provider’s stock after selling 880 shares during the quarter. 1858 Wealth Management LLC’s holdings in NextEra Energy were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Proffitt & Goodson Inc. boosted its stake in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in NextEra Energy during the 2nd quarter valued at $33,000. Family Firm Inc. bought a new position in NextEra Energy during the 2nd quarter valued at $40,000. Finally, Bbjs Financial Advisors LLC bought a new position in NextEra Energy during the 2nd quarter valued at $43,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NEE. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.46.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.7 %

Shares of NEE stock traded down $0.60 on Monday, reaching $83.78. 2,110,221 shares of the company’s stock traded hands, compared to its average volume of 10,745,921. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $172.13 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The business’s 50 day moving average price is $81.81 and its two-hundred day moving average price is $75.61.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.06 dividend on an annualized basis and a yield of 2.46%. NextEra Energy’s payout ratio is 56.13%.

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.