Stablepoint Partners LLC Sells 227 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stablepoint Partners LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,297 shares of the utilities provider’s stock after selling 227 shares during the quarter. NextEra Energy accounts for approximately 1.9% of Stablepoint Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Stablepoint Partners LLC’s holdings in NextEra Energy were worth $10,169,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Sapient Capital LLC grew its position in NextEra Energy by 0.8% during the 3rd quarter. Sapient Capital LLC now owns 39,890 shares of the utilities provider’s stock worth $3,372,000 after purchasing an additional 310 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of NextEra Energy in the third quarter worth about $45,000. Procyon Advisors LLC grew its holdings in NextEra Energy by 2.4% during the third quarter. Procyon Advisors LLC now owns 12,975 shares of the utilities provider’s stock worth $1,097,000 after acquiring an additional 306 shares during the period. Paladin Wealth LLC purchased a new position in NextEra Energy during the third quarter valued at approximately $635,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in NextEra Energy by 1.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 32,452 shares of the utilities provider’s stock valued at $2,743,000 after acquiring an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. raised their price target 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. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Wells Fargo & Company raised their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Finally, Citigroup lifted their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $83.07.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.60 during trading on Monday, reaching $82.46. The stock had a trading volume of 409,594 shares, compared to its average volume of 10,783,712. The business has a fifty day moving average price of $81.17 and a 200-day moving average price of $74.90. NextEra Energy, Inc. has a 1-year low of $50.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a market cap of $169.42 billion, a PE ratio of 22.31, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the company posted $0.88 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

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.