Clarius Group LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,122 shares of the utilities provider’s stock after selling 275 shares during the quarter. Clarius Group LLC’s holdings in NextEra Energy were worth $1,359,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Watts Gwilliam & Co. LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at about $331,000. Contravisory Investment Management Inc. boosted its holdings in shares of NextEra Energy by 72,930.1% during the 3rd quarter. Contravisory Investment Management Inc. now owns 89,827 shares of the utilities provider’s stock worth $7,593,000 after buying an additional 89,704 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of NextEra Energy by 4.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,711 shares of the utilities provider’s stock worth $398,000 after buying an additional 200 shares during the period. Sendero Wealth Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter valued at $207,000. Finally, Modus Advisors LLC boosted its stake in NextEra Energy by 2.9% during the third quarter. Modus Advisors LLC now owns 18,498 shares of the utilities provider’s stock worth $1,564,000 after acquiring an additional 530 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Scotiabank increased their target price 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. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Finally, Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $83.07.
Insiders Place Their Bets
In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.
NextEra Energy Price Performance
NextEra Energy stock traded up $0.03 during midday trading on Friday, hitting $80.97. 502,921 shares of the company’s stock were exchanged, compared to its average volume of 10,803,761. The stock has a 50-day moving average price of $81.12 and a two-hundred day moving average price of $74.59. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10. The company has a market cap of $166.42 billion, a P/E ratio of 26.28, a PEG ratio of 2.92 and a beta of 0.56. 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 (NYSE:NEE – Get Free Report) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the firm posted $0.88 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.54%. NextEra Energy’s payout ratio is 66.88%.
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.
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