Rakuten Securities Inc. Sells 149 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rakuten Securities Inc. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 621 shares of the utilities provider’s stock after selling 149 shares during the quarter. Rakuten Securities Inc.’s holdings in NextEra Energy were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Proffitt & Goodson Inc. increased its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the period. Semmax Financial Advisors Inc. boosted its holdings in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter worth about $27,000. Valley Wealth Managers Inc. bought a new stake in NextEra Energy during the 2nd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Bank of America lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley raised their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, BMO Capital Markets upped 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. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $86.54.

NextEra Energy Stock Performance

Shares of NEE stock opened at $74.26 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The company’s 50 day moving average price is $81.95 and its two-hundred day moving average price is $77.33. The company has a market capitalization of $152.71 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company 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 dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.77%. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.