Cliftonlarsonallen Wealth Advisors LLC reduced its stake in NextEra Energy Inc (NYSE:NEE) by 77.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,686 shares of the utilities provider’s stock after selling 37,259 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,791,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Capital Advisors Ltd. LLC raised its holdings in shares of NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after buying an additional 495 shares during the last quarter. Braun Bostich & Associates Inc. raised its holdings in shares of NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after buying an additional 719 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of NextEra Energy by 70.5% during the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after buying an additional 373 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $168,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $167,000. Institutional investors own 75.46% of the company’s stock.
A number of equities research analysts have recently weighed in on NEE shares. Wells Fargo & Co lifted their price target on NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Morgan Stanley cut their price target on NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Mizuho began coverage on NextEra Energy in a report on Monday, August 13th. They set a “buy” rating and a $184.00 target price on the stock. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $174.62.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $167.00, for a total value of $267,200.00. Following the transaction, the director now owns 21,300 shares of the company’s stock, valued at $3,557,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total value of $2,922,470.00. Following the completion of the transaction, the chief executive officer now directly owns 42,898 shares in the company, valued at approximately $7,374,595.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,210 shares of company stock worth $11,744,017. 0.55% of the stock is owned by corporate insiders.
Shares of NYSE:NEE opened at $173.54 on Thursday. NextEra Energy Inc has a 12 month low of $145.10 and a 12 month high of $176.82. The company has a market cap of $81.95 billion, a P/E ratio of 22.92, a PEG ratio of 2.64 and a beta of 0.13. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 annualized dividend and a yield of 2.56%. NextEra Energy’s payout ratio is 66.27%.
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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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