Global Financial Private Client LLC Has $197,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Global Financial Private Client LLC lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,741 shares of the utilities provider’s stock after selling 156 shares during the period. Global Financial Private Client LLC’s holdings in NextEra Energy were worth $197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Semmax Financial Advisors Inc. grew its position 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. Burkett Financial Services LLC boosted its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $27,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the 3rd quarter valued at approximately $39,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 1.5 %

NextEra Energy stock opened at $67.98 on Wednesday. The firm has a market cap of $139.79 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a 50 day moving average price of $73.79 and a two-hundred day moving average price of $77.26.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 3.03%. NextEra Energy’s payout ratio is 60.95%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NEE has been the topic of a number of research reports. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Barclays boosted their price objective 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. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. 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 research note on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $87.15.

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.