Independent Advisor Alliance Has $10.60 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Independent Advisor Alliance reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 125,399 shares of the utilities provider’s stock after selling 2,348 shares during the period. Independent Advisor Alliance’s holdings in NextEra Energy were worth $10,600,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Proffitt & Goodson Inc. lifted its position in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new stake in NextEra Energy during the second quarter worth $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy in the third quarter worth $39,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $76.00 on Monday. The firm has a market capitalization of $156.29 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a fifty day moving average of $80.90 and a 200 day moving average of $77.75. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the business posted $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid 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 60.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NEE shares. Scotiabank lifted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Guggenheim raised their price target 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. 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. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $86.85.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction 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 represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is 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.