1858 Wealth Management LLC Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

1858 Wealth Management LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,143 shares of the utilities provider’s stock after selling 880 shares during the period. 1858 Wealth Management LLC’s holdings in NextEra Energy were worth $688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Effects LLC boosted its position in shares of NextEra Energy by 2.1% in the third quarter. Wealth Effects LLC now owns 14,584 shares of the utilities provider’s stock worth $1,233,000 after buying an additional 302 shares during the period. Castleview Partners LLC boosted its position in shares of NextEra Energy by 51.1% in the third quarter. Castleview Partners LLC now owns 21,722 shares of the utilities provider’s stock worth $1,836,000 after buying an additional 7,343 shares during the period. Violich Capital Management Inc. boosted its position in shares of NextEra Energy by 2.1% in the third quarter. Violich Capital Management Inc. now owns 54,700 shares of the utilities provider’s stock worth $4,624,000 after buying an additional 1,100 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of NextEra Energy by 8.5% in the third quarter. Cyndeo Wealth Partners LLC now owns 110,682 shares of the utilities provider’s stock worth $9,356,000 after buying an additional 8,661 shares during the period. Finally, Cedrus LLC boosted its position in shares of NextEra Energy by 20.9% in the third quarter. Cedrus LLC now owns 4,686 shares of the utilities provider’s stock worth $396,000 after buying an additional 810 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NEE shares. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $85.46.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $0.60 on Monday, reaching $83.78. 2,110,221 shares of the company were exchanged, compared to its average volume of 10,745,921. 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 company’s 50-day moving average is $81.81 and its two-hundred day moving average is $75.61. The firm has a market cap of $172.13 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $50.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the prior year, the firm earned $0.88 EPS. As a group, research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.46%. NextEra Energy’s payout ratio is 56.13%.

NextEra Energy 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.