Crewe Advisors LLC Sells 297 Shares of NextEra Energy, Inc. (NYSE:NEE)

Crewe Advisors LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,691 shares of the utilities provider’s stock after selling 297 shares during the quarter. Crewe Advisors LLC’s holdings in NextEra Energy were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurich Insurance Group Ltd FI lifted its stake in shares of NextEra Energy by 12.0% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 790,110 shares of the utilities provider’s stock valued at $50,496,000 after purchasing an additional 84,919 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in NextEra Energy by 2.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 67,456 shares of the utilities provider’s stock valued at $4,311,000 after buying an additional 1,420 shares during the period. Kinloch Capital LLC bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $4,049,000. Waverly Advisors LLC grew its position in shares of NextEra Energy by 128.2% during the 1st quarter. Waverly Advisors LLC now owns 16,601 shares of the utilities provider’s stock worth $1,061,000 after buying an additional 9,326 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of NextEra Energy in the 1st quarter valued at $1,541,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on NEE shares. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their target price 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 increased their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Wells Fargo & Company boosted 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. Finally, Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.85.

NextEra Energy Stock Down 1.1 %

NEE stock opened at $76.00 on Friday. The stock has a market cap of $156.29 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.79 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $80.90 and its two-hundred day simple moving average is $77.71. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last issued 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. 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 the consensus estimate of $8.11 billion. During the same period in the previous year, the firm earned $0.94 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

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

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated 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 approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

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.