Marcum Wealth LLC Has $770,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Marcum Wealth LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.9% in the third quarter, Holdings Channel reports. The firm owned 9,109 shares of the utilities provider’s stock after selling 996 shares during the period. Marcum Wealth LLC’s holdings in NextEra Energy were worth $770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Saxon Interests Inc. acquired a new stake in shares of NextEra Energy in the third quarter valued at about $303,000. First PREMIER Bank grew its holdings in NextEra Energy by 86.4% in the 3rd quarter. First PREMIER Bank now owns 1,540 shares of the utilities provider’s stock valued at $130,000 after buying an additional 714 shares during the last quarter. Howard Financial Services LTD. bought a new position in NextEra Energy in the 3rd quarter worth approximately $266,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of NextEra Energy by 8.0% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 11,730 shares of the utilities provider’s stock worth $992,000 after buying an additional 872 shares during the last quarter. Finally, Hoxton Planning & Management LLC bought a new stake in shares of NextEra Energy in the third quarter valued at approximately $398,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $80.94 on Friday. The stock’s fifty day simple moving average is $81.07 and its 200 day simple moving average is $74.55. NextEra Energy, Inc. has a one year low of $50.95 and a one year high of $86.10. The firm has a market cap of $166.29 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 3.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the company earned $0.88 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays upped their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Wells Fargo & Company lifted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. BMO Capital Markets upped their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.07.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

About NextEra Energy

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.