Callahan Advisors LLC Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Callahan Advisors LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,982 shares of the utilities provider’s stock after selling 7,225 shares during the period. NextEra Energy accounts for about 1.8% of Callahan Advisors LLC’s portfolio, making the stock its 16th largest position. Callahan Advisors LLC’s holdings in NextEra Energy were worth $18,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in NEE. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the period. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Reston Wealth Management LLC purchased a new position in NextEra Energy during the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.4 %

NEE stock opened at $78.65 on Wednesday. The firm has a 50 day moving average of $82.32 and a 200 day moving average of $77.07. The stock has a market capitalization of $161.74 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. 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, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.54.

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.