L & S Advisors Inc Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

L & S Advisors Inc cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,490 shares of the utilities provider’s stock after selling 6,537 shares during the quarter. L & S Advisors Inc’s holdings in NextEra Energy were worth $4,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Smithfield Trust Co grew its holdings in shares of NextEra Energy by 0.5% during the third quarter. Smithfield Trust Co now owns 40,062 shares of the utilities provider’s stock worth $3,384,000 after buying an additional 190 shares in the last quarter. Blackhawk Capital Partners LLC. lifted its position in NextEra Energy by 13.1% during the third quarter. Blackhawk Capital Partners LLC. now owns 14,171 shares of the utilities provider’s stock valued at $1,198,000 after buying an additional 1,636 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of NextEra Energy by 5.4% during the third quarter. Pacer Advisors Inc. now owns 152,741 shares of the utilities provider’s stock worth $12,911,000 after purchasing an additional 7,867 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after purchasing an additional 452,590 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in shares of NextEra Energy during the third quarter worth $229,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Up 0.4 %

NextEra Energy stock opened at $77.20 on Thursday. The company has a 50-day simple moving average of $81.20 and a 200-day simple moving average of $77.64. The firm has a market capitalization of $158.75 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.78 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a one year low of $53.95 and a one year 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, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared 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. This represents a $2.06 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.54.

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.