Garrison Point Advisors LLC Sells 200 Shares of NextEra Energy, Inc. (NYSE:NEE)

Garrison Point Advisors LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,278 shares of the utilities provider’s stock after selling 200 shares during the period. NextEra Energy accounts for 1.5% of Garrison Point Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Garrison Point Advisors LLC’s holdings in NextEra Energy were worth $2,475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NEE. Brookstone Capital Management boosted its stake in shares of NextEra Energy by 19.8% in the 1st quarter. Brookstone Capital Management now owns 71,152 shares of the utilities provider’s stock valued at $4,547,000 after purchasing an additional 11,777 shares in the last quarter. DGS Capital Management LLC bought a new position in shares of NextEra Energy in the first quarter worth approximately $213,000. Wealthcare Advisory Partners LLC increased its stake in shares of NextEra Energy by 23.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider’s stock worth $1,475,000 after buying an additional 4,401 shares during the period. Thrive Wealth Management LLC raised its holdings in NextEra Energy by 11.6% during the 1st quarter. Thrive Wealth Management LLC now owns 5,914 shares of the utilities provider’s stock valued at $378,000 after buying an additional 617 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its position in NextEra Energy by 22.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 27,716 shares of the utilities provider’s stock valued at $1,779,000 after buying an additional 4,989 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 2.5 %

Shares of NextEra Energy stock opened at $82.82 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 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company has a 50-day moving average of $82.19 and a 200 day moving average of $75.96. The firm has a market cap of $170.16 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced 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 business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 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 paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. 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. Barclays lifted their price objective on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $86.38.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

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.