Financial Security Advisor Inc. Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

Financial Security Advisor Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,795 shares of the utilities provider’s stock after selling 136 shares during the quarter. Financial Security Advisor Inc.’s holdings in NextEra Energy were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Catalina Capital Group LLC increased its position in shares of NextEra Energy by 10.4% during the third quarter. Catalina Capital Group LLC now owns 10,691 shares of the utilities provider’s stock valued at $904,000 after acquiring an additional 1,008 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of NextEra Energy by 66.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 12,684 shares of the utilities provider’s stock worth $1,072,000 after purchasing an additional 5,050 shares in the last quarter. Financial Partners Group Inc raised its stake in shares of NextEra Energy by 1.5% in the third quarter. Financial Partners Group Inc now owns 10,718 shares of the utilities provider’s stock worth $906,000 after purchasing an additional 161 shares during the last quarter. Fiduciary Family Office LLC lifted its holdings in shares of NextEra Energy by 1.0% during the third quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock valued at $1,141,000 after purchasing an additional 139 shares in the last quarter. Finally, Heritage Investors Management Corp increased its holdings in NextEra Energy by 2.2% in the 3rd quarter. Heritage Investors Management Corp now owns 171,535 shares of the utilities provider’s stock worth $14,500,000 after buying an additional 3,758 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Scotiabank raised their price target 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. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $78.65 on Wednesday. The company has a market cap of $161.74 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.79 and a beta of 0.57. NextEra Energy, Inc. has a 52-week low of $53.81 and a 52-week high of $86.10. 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 firm’s fifty day moving average is $82.32 and its two-hundred day moving average is $77.07.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

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.