B. Riley Wealth Advisors Inc. Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

B. Riley Wealth Advisors Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 56.4% during the 3rd quarter, Holdings Channel reports. The firm owned 82,011 shares of the utilities provider’s stock after selling 106,233 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in NextEra Energy were worth $6,952,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. Lantz Financial LLC boosted its position in NextEra Energy by 16.0% in the second quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider’s stock worth $924,000 after purchasing an additional 1,795 shares during the last quarter. Sara Bay Financial raised its stake in shares of NextEra Energy by 55.9% during the 2nd quarter. Sara Bay Financial now owns 9,799 shares of the utilities provider’s stock worth $694,000 after purchasing an additional 3,513 shares during the period. Accredited Investors Inc. boosted its holdings in shares of NextEra Energy by 7.7% in the 2nd quarter. Accredited Investors Inc. now owns 4,052 shares of the utilities provider’s stock worth $287,000 after buying an additional 290 shares during the last quarter. First Pacific Financial grew its position in NextEra Energy by 4.7% during the second quarter. First Pacific Financial now owns 10,232 shares of the utilities provider’s stock valued at $725,000 after buying an additional 460 shares during the period. Finally, Madrona Financial Services LLC purchased a new stake in NextEra Energy during the second quarter worth about $201,000. 78.72% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on NEE shares. Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Stock Performance

Shares of NEE opened at $73.62 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The stock’s 50-day simple moving average is $78.41 and its 200 day simple moving average is $77.74. 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 has a market capitalization of $151.39 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company 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 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio 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.