Hudson Valley Investment Advisors Inc. ADV Sells 1,231 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,759 shares of the utilities provider’s stock after selling 1,231 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in NextEra Energy were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. M&G Plc acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $303,065,000. International Assets Investment Management LLC boosted its holdings in shares of NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after purchasing an additional 3,817,037 shares in the last quarter. Zimmer Partners LP boosted its holdings in shares of NextEra Energy by 8,447.5% in the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after purchasing an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.5 %

Shares of NEE opened at $79.13 on Thursday. The company has a market capitalization of $162.58 billion, a PE ratio of 21.56, a PEG ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The stock’s 50-day moving average price is $82.43 and its two-hundred day moving average price is $76.55. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NEE shares. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $86.54.

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.