NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Rather & Kittrell Inc.

Rather & Kittrell Inc. lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 31.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,992 shares of the utilities provider’s stock after selling 4,524 shares during the quarter. Rather & Kittrell Inc.’s holdings in NextEra Energy were worth $845,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NEE. M&G Plc bought a new position in NextEra Energy in the 1st quarter worth about $303,065,000. International Assets Investment Management LLC boosted its holdings in shares of NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after acquiring an additional 3,817,037 shares in the last quarter. Zimmer Partners LP boosted its holdings in NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after acquiring an additional 2,163,437 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEE shares. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets raised their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America boosted their target price 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Performance

Shares of NEE stock opened at $76.98 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $82.05 and its 200-day simple moving average is $77.11. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The firm has a market cap of $158.30 billion, a PE ratio of 22.78, a P/E/G ratio of 2.69 and a beta of 0.57.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio is currently 60.95%.

About NextEra Energy

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.