Americana Partners LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,567 shares of the utilities provider’s stock after selling 3,036 shares during the quarter. Americana Partners LLC’s holdings in NextEra Energy were worth $3,006,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in NEE. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. increased 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 worth $26,000 after buying an additional 225 shares during the period. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the 2nd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy in the third quarter worth $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
Wall Street Analyst Weigh In
NEE has been the subject of several recent research reports. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. increased 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. Morgan Stanley upped their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Guggenheim boosted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.54.
NextEra Energy Stock Performance
NEE stock traded down $1.05 during trading on Friday, hitting $78.20. The company had a trading volume of 4,107,039 shares, compared to its average volume of 10,747,828. The firm has a 50-day moving average price of $82.43 and a 200-day moving average price of $76.57. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The firm has a market cap of $160.81 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. 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 – Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.
NextEra Energy Announces Dividend
The company 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 is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.63%. NextEra Energy’s dividend payout ratio is currently 60.95%.
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.
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