Allworth Financial LP Sells 9,790 Shares of NextEra Energy, Inc. (NYSE:NEE)

Allworth Financial LP cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,686 shares of the utilities provider’s stock after selling 9,790 shares during the quarter. Allworth Financial LP’s holdings in NextEra Energy were worth $24,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Sycomore Asset Management raised its stake in NextEra Energy by 0.3% during the second quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock worth $3,473,000 after purchasing an additional 131 shares during the period. BCK Partners Inc. raised its holdings in shares of NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after buying an additional 135 shares during the period. Zhang Financial LLC lifted its position in shares of NextEra Energy by 3.0% during the third quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 135 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in NextEra Energy by 1.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock valued at $619,000 after buying an additional 138 shares during the last quarter. Finally, Trueblood Wealth Management LLC boosted its stake in shares of NextEra Energy by 0.9% during the 3rd quarter. Trueblood Wealth Management LLC now owns 15,155 shares of the utilities provider’s stock valued at $1,281,000 after buying an additional 141 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NEE. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Scotiabank boosted their target price 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. Finally, Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy Price Performance

NextEra Energy stock opened at $81.43 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average is $82.36 and its 200-day moving average is $76.12. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The company has a market capitalization of $167.30 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

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 issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.