West Coast Financial LLC Sells 335 Shares of NextEra Energy, Inc. (NYSE:NEE)

West Coast Financial LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,321 shares of the utilities provider’s stock after selling 335 shares during the quarter. West Coast Financial LLC’s holdings in NextEra Energy were worth $788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Intech Investment Management LLC increased its holdings in NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares during the last quarter. Ancora Advisors LLC lifted its stake in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC grew its stake in shares of NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares during the last quarter. Raymond James & Associates grew its holdings in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares during the period. Finally, Studio Investment Management LLC increased its stake in shares of NextEra Energy by 12.9% in the 4th quarter. Studio Investment Management LLC now owns 94,852 shares of the utilities provider’s stock valued at $5,761,000 after acquiring an additional 10,837 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup boosted their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $83.07.

NextEra Energy Price Performance

NYSE:NEE traded up $0.56 during trading hours on Friday, hitting $81.50. The company’s stock had a trading volume of 1,952,696 shares, compared to its average volume of 10,810,952. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week 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 $167.51 billion, a PE ratio of 26.46, a PEG ratio of 2.92 and a beta of 0.56. The business’s 50-day moving average is $81.12 and its two-hundred day moving average is $74.59.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the firm posted $0.88 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s dividend payout ratio is currently 66.88%.

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.