NFJ Investment Group LLC Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

NFJ Investment Group LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,193,132 shares of the utilities provider’s stock after selling 179,578 shares during the period. NextEra Energy makes up 3.0% of NFJ Investment Group LLC’s holdings, making the stock its 2nd largest position. NFJ Investment Group LLC owned approximately 0.06% of NextEra Energy worth $100,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NEE. IHT Wealth Management LLC grew its holdings in shares of NextEra Energy by 25.6% during the third quarter. IHT Wealth Management LLC now owns 52,167 shares of the utilities provider’s stock worth $4,413,000 after buying an additional 10,626 shares in the last quarter. Ingalls & Snyder LLC boosted its position in NextEra Energy by 1.6% during the 3rd quarter. Ingalls & Snyder LLC now owns 68,171 shares of the utilities provider’s stock worth $5,762,000 after acquiring an additional 1,090 shares during the last quarter. Intrepid Capital Management Inc. grew its stake in shares of NextEra Energy by 5.8% during the 3rd quarter. Intrepid Capital Management Inc. now owns 4,431 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 244 shares in the last quarter. Investment Management Corp of Ontario raised its holdings in shares of NextEra Energy by 49.2% in the third quarter. Investment Management Corp of Ontario now owns 68,211 shares of the utilities provider’s stock valued at $5,766,000 after purchasing an additional 22,500 shares during the last quarter. Finally, HITE Hedge Asset Management LLC bought a new stake in shares of NextEra Energy in the third quarter worth $25,801,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NEE shares. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.85.

NextEra Energy Price Performance

NEE stock traded down $0.32 during midday trading on Tuesday, reaching $76.75. The company had a trading volume of 2,945,933 shares, compared to its average volume of 10,870,839. The stock has a 50 day moving average price of $80.32 and a 200-day moving average price of $77.85. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market capitalization of $157.83 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.84 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced 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 during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

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.