HBK Sorce Advisory LLC Sells 328 Shares of NextEra Energy, Inc. (NYSE:NEE)

HBK Sorce Advisory LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,143 shares of the utilities provider’s stock after selling 328 shares during the quarter. HBK Sorce Advisory LLC’s holdings in NextEra Energy were worth $2,488,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Intech Investment Management LLC grew its stake in NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after acquiring an additional 26,382 shares during the period. Camden National Bank lifted its holdings in NextEra Energy by 10.2% during the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after purchasing an additional 14,477 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares in the last quarter. TrinityPoint Wealth LLC lifted its holdings in shares of NextEra Energy by 2.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after acquiring an additional 507 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. BMO Capital Markets lifted their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Scotiabank increased their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Evercore ISI increased their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.50.

NextEra Energy Stock Performance

NEE opened at $83.46 on Friday. The company has a fifty day moving average of $77.06 and a 200 day moving average of $71.02. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $83.97. The stock has a market capitalization of $171.54 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the business posted $0.88 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.