Wealth Dimensions Group Ltd. Sells 141 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wealth Dimensions Group Ltd. lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,716 shares of the utilities provider’s stock after selling 141 shares during the period. Wealth Dimensions Group Ltd.’s holdings in NextEra Energy were worth $314,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after buying an additional 3,817,037 shares during the period. Zimmer Partners LP increased its stake in NextEra Energy by 8,447.5% in the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after purchasing an additional 2,703,200 shares during the period. Assenagon Asset Management S.A. lifted its position in NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after purchasing an additional 2,309,876 shares during the last quarter. Raymond James & Associates boosted its stake in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the period. Finally, LGT Group Foundation boosted its stake in shares of NextEra Energy by 962.8% during the second quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after purchasing an additional 1,371,982 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.1 %

Shares of NYSE NEE opened at $76.00 on Friday. 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 firm has a 50-day moving average of $80.90 and a 200 day moving average of $77.71. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock has a market cap of $156.29 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.79 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the business posted $0.94 EPS. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.71%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $86.85.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

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.