Allen Mooney & Barnes Investment Advisors LLC Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Allen Mooney & Barnes Investment Advisors LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,756 shares of the utilities provider’s stock after selling 186 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in NextEra Energy were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NEE. Thompson Siegel & Walmsley LLC grew its holdings in NextEra Energy by 5.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 3,893 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 200 shares during the last quarter. Plato Investment Management Ltd grew its stake in NextEra Energy by 262.2% during the 2nd quarter. Plato Investment Management Ltd now owns 920 shares of the utilities provider’s stock worth $65,000 after buying an additional 666 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of NextEra Energy by 175.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 33,110 shares of the utilities provider’s stock valued at $2,345,000 after acquiring an additional 21,071 shares during the period. Massachusetts Financial Services Co. MA boosted its position in NextEra Energy by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in NextEra Energy by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,371,154 shares of the utilities provider’s stock valued at $309,595,000 after acquiring an additional 442,086 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 1.5 %

NEE stock opened at $67.98 on Wednesday. The stock has a market capitalization of $139.79 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a 50-day simple moving average of $73.79 and a 200-day simple moving average of $77.26. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.15.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

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.