HCR Wealth Advisors Has $2.90 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

HCR Wealth Advisors cut its position in NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,416 shares of the utilities provider’s stock after selling 327 shares during the quarter. HCR Wealth Advisors’ holdings in NextEra Energy were worth $2,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Quarry LP bought a new stake in NextEra Energy during the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy during the third quarter worth $39,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $69.25 on Thursday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm’s 50-day simple moving average is $73.79 and its two-hundred day simple moving average is $77.26. The firm has a market cap of $142.41 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.26 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $0.94 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NEE. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Morgan Stanley decreased their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.15.

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.