NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,471 shares of the utilities provider’s stock after selling 5,559 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in NextEra Energy were worth $6,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Stonekeep Investments LLC boosted its stake in shares of NextEra Energy by 17.4% in the 3rd quarter. Stonekeep Investments LLC now owns 4,532 shares of the utilities provider’s stock valued at $383,000 after buying an additional 671 shares during the period. Webster Bank N. A. raised its holdings in NextEra Energy by 1.9% in the third quarter. Webster Bank N. A. now owns 14,489 shares of the utilities provider’s stock valued at $1,225,000 after acquiring an additional 266 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in NextEra Energy by 6.3% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 7,091 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 419 shares during the last quarter. Birch Hill Investment Advisors LLC grew its holdings in NextEra Energy by 1.5% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 70,638 shares of the utilities provider’s stock worth $5,971,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Renaissance Investment Group LLC increased its position in shares of NextEra Energy by 12.0% in the 3rd quarter. Renaissance Investment Group LLC now owns 91,644 shares of the utilities provider’s stock valued at $7,747,000 after purchasing an additional 9,809 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.1 %

Shares of NEE stock opened at $81.86 on Monday. The company has a market capitalization of $168.18 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $81.17 and its two-hundred day moving average is $74.90. NextEra Energy, Inc. has a twelve month low of $50.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the company posted $0.88 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.52%. NextEra Energy’s payout ratio is currently 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their price target on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $83.07.

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.