Naviter Wealth LLC Sells 367 Shares of NextEra Energy, Inc. (NYSE:NEE)

Naviter Wealth LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,877 shares of the utilities provider’s stock after selling 367 shares during the quarter. Naviter Wealth LLC’s holdings in NextEra Energy were worth $1,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Proffitt & Goodson Inc. lifted its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. increased its holdings in 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 buying an additional 225 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in NextEra Energy in the second quarter worth approximately $33,000. Family Firm Inc. bought a new position in NextEra Energy in the second quarter worth approximately $40,000. Finally, Bbjs Financial Advisors LLC purchased a new position in shares of NextEra Energy during the 2nd quarter worth $43,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $83.79 on Friday. The company has a market cap of $172.15 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10. 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 firm’s fifty day moving average is $81.67 and its two-hundred day moving average is $75.29.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm posted $0.88 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction 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 $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on NEE shares. Scotiabank raised their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Citigroup lifted their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets increased their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Barclays lifted their price target on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.07.

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.