BLB&B Advisors LLC Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

BLB&B Advisors LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,920 shares of the utilities provider’s stock after selling 1,295 shares during the period. BLB&B Advisors LLC’s holdings in NextEra Energy were worth $15,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pictet North America Advisors SA raised its position in NextEra Energy by 8.9% in the third quarter. Pictet North America Advisors SA now owns 11,250 shares of the utilities provider’s stock worth $951,000 after acquiring an additional 923 shares in the last quarter. Waldron Private Wealth LLC grew its stake in shares of NextEra Energy by 28.6% during the 3rd quarter. Waldron Private Wealth LLC now owns 23,494 shares of the utilities provider’s stock worth $1,986,000 after purchasing an additional 5,228 shares during the period. WT Wealth Management purchased a new position in shares of NextEra Energy in the 3rd quarter valued at about $229,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of NextEra Energy in the third quarter valued at about $4,311,000. Finally, Eastern Bank boosted its holdings in NextEra Energy by 244.7% during the third quarter. Eastern Bank now owns 917,658 shares of the utilities provider’s stock worth $77,570,000 after buying an additional 651,402 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $83.70 on Wednesday. The business’s 50-day moving average price is $82.05 and its 200 day moving average price is $75.89. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a twelve month low of $50.95 and a twelve month high of $86.10. The company has a market capitalization of $171.95 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.46%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Finally, Barclays upped their price target on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.46.

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.