NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,765 shares of the utilities provider’s stock after selling 175 shares during the period. NextEra Energy comprises 1.0% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 29th largest position. Valley Brook Capital Group Inc.’s holdings in NextEra Energy were worth $1,417,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tandem Capital Management Corp ADV boosted its position in NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after acquiring an additional 125 shares during the period. Insight Folios Inc lifted its position in shares of NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its holdings in shares of NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after purchasing an additional 126 shares during the period. Osborne Partners Capital Management LLC grew its position in NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after purchasing an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after buying an additional 130 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE traded up $0.18 during mid-day trading on Thursday, reaching $74.70. The company had a trading volume of 1,382,020 shares, compared to its average volume of 10,832,770. The company’s 50-day moving average is $82.22 and its 200-day moving average is $77.05. 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 $153.61 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.83 and a beta of 0.57. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.76%. NextEra Energy’s dividend payout ratio is 60.95%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price 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.