SeaCrest Wealth Management LLC Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

SeaCrest Wealth Management LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,786 shares of the utilities provider’s stock after selling 250 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in NextEra Energy were worth $1,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at $27,000. Quarry LP bought a new position in shares of NextEra Energy during the third quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the third quarter valued at $39,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 1.9 %

Shares of NYSE:NEE opened at $69.25 on Thursday. The stock has a market capitalization of $142.41 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.66 and a beta of 0.58. 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 stock’s 50-day simple moving average is $73.79 and its two-hundred day simple moving average is $77.26. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

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, beating 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 firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.97%. NextEra Energy’s payout ratio is currently 60.95%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy 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 transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NEE. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays lifted 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy 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.