NextEra Energy, Inc. (NYSE:NEE) Stock Position Lowered by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 51.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,192 shares of the utilities provider’s stock after selling 1,256 shares during the period. Beaird Harris Wealth Management LLC’s holdings in NextEra Energy were worth $101,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Old North State Trust LLC grew its holdings in shares of NextEra Energy by 5.0% during the third quarter. Old North State Trust LLC now owns 5,612 shares of the utilities provider’s stock valued at $474,000 after buying an additional 269 shares in the last quarter. Asset Advisors Investment Management LLC boosted its position in NextEra Energy by 5.7% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 39,152 shares of the utilities provider’s stock worth $3,310,000 after acquiring an additional 2,116 shares during the period. Peapack Gladstone Financial Corp boosted its position in NextEra Energy by 0.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 465,438 shares of the utilities provider’s stock worth $39,343,000 after acquiring an additional 2,490 shares during the period. Tidal Investments LLC grew its stake in NextEra Energy by 21.8% during the 3rd quarter. Tidal Investments LLC now owns 58,534 shares of the utilities provider’s stock valued at $4,948,000 after acquiring an additional 10,460 shares in the last quarter. Finally, Destination Wealth Management acquired a new position in shares of NextEra Energy in the 3rd quarter valued at about $233,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEE. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America boosted their price target 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 increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, 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. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Hold” and an average price target of $87.15.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $73.62 on Friday. The business’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. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market cap of $151.39 billion, a price-to-earnings ratio of 21.78, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.80%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

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,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.