Axxcess Wealth Management LLC Sells 10,393 Shares of NextEra Energy, Inc. (NYSE:NEE)

Axxcess Wealth Management LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,989 shares of the utilities provider’s stock after selling 10,393 shares during the quarter. Axxcess Wealth Management LLC’s holdings in NextEra Energy were worth $9,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in NextEra Energy by 21.5% in the 1st quarter. Empowered Funds LLC now owns 60,563 shares of the utilities provider’s stock valued at $3,871,000 after buying an additional 10,732 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of NextEra Energy by 89.2% in the first quarter. Atomi Financial Group Inc. now owns 19,777 shares of the utilities provider’s stock valued at $1,264,000 after purchasing an additional 9,324 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of NextEra Energy by 3.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 64,380 shares of the utilities provider’s stock valued at $4,115,000 after purchasing an additional 2,432 shares during the period. Choate Investment Advisors lifted its holdings in NextEra Energy by 7.8% during the 1st quarter. Choate Investment Advisors now owns 54,030 shares of the utilities provider’s stock worth $3,453,000 after purchasing an additional 3,892 shares in the last quarter. Finally, NorthRock Partners LLC boosted its stake in NextEra Energy by 13.2% in the 1st quarter. NorthRock Partners LLC now owns 18,566 shares of the utilities provider’s stock worth $1,187,000 after purchasing an additional 2,168 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NEE. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Scotiabank upped their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, 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 note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Up 3.1 %

Shares of NEE opened at $76.97 on Friday. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a 50 day simple moving average of $82.05 and a two-hundred day simple moving average of $77.11. The firm has a market cap of $158.28 billion, a P/E ratio of 22.77, a P/E/G ratio of 2.69 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.68%. NextEra Energy’s dividend payout ratio is currently 60.95%.

NextEra Energy Company 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.