NextEra Energy, Inc. (NYSE:NEE) is Asset Management Advisors LLC’s 4th Largest Position

Asset Management Advisors LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,826 shares of the utilities provider’s stock after selling 168 shares during the period. NextEra Energy accounts for 6.7% of Asset Management Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Asset Management Advisors LLC’s holdings in NextEra Energy were worth $9,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the third quarter valued at about $27,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 197.4% during 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 period. Proffitt & Goodson Inc. grew its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the period. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy during the second quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $2.35 during trading hours on Friday, reaching $76.97. 14,657,144 shares of the stock were exchanged, compared to its average volume of 10,931,047. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a 50 day simple moving average of $82.05 and a 200-day simple moving average of $77.19. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The stock has a market capitalization 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 announced its quarterly 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 for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 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 2.68%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.54.

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.