NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,045 shares of the utilities provider’s stock after selling 3,219 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in NextEra Energy were worth $2,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steph & Co. raised its position in shares of NextEra Energy by 17.3% in the 1st quarter. Steph & Co. now owns 1,228 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 181 shares in the last quarter. Traynor Capital Management Inc. raised its holdings in NextEra Energy by 33.9% in the first quarter. Traynor Capital Management Inc. now owns 4,490 shares of the utilities provider’s stock valued at $287,000 after acquiring an additional 1,138 shares in the last quarter. Global Assets Advisory LLC bought a new position in NextEra Energy during the 1st quarter valued at $27,209,000. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in NextEra Energy by 13.9% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 12,810 shares of the utilities provider’s stock valued at $819,000 after acquiring an additional 1,560 shares during the last quarter. Finally, Strategic Planning Group LLC grew its holdings in NextEra Energy by 23.1% during the 1st quarter. Strategic Planning Group LLC now owns 42,108 shares of the utilities provider’s stock worth $2,691,000 after acquiring an additional 7,893 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were 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 approximately $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on NEE. Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Bank of America lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. 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. Scotiabank raised their price objective 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. Finally, Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.46.

NextEra Energy Stock Performance

Shares of NEE traded down $0.41 during mid-day trading on Monday, reaching $83.97. 1,349,083 shares of the company’s stock traded hands, compared to its average volume of 10,741,787. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The business’s 50-day moving average price is $81.81 and its 200-day moving average price is $75.61. The stock has a market capitalization of $172.52 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $50.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last posted 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. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the firm earned $0.88 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed 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. This represents a $2.06 annualized dividend and a yield of 2.45%. NextEra Energy’s payout ratio is currently 56.13%.

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.