USA Financial Formulas Sells 315 Shares of NextEra Energy, Inc. (NYSE:NEE)

USA Financial Formulas cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,472 shares of the utilities provider’s stock after selling 315 shares during the quarter. USA Financial Formulas’ holdings in NextEra Energy were worth $293,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Enterprise Bank & Trust Co grew its stake in NextEra Energy by 3.6% in the 3rd quarter. Enterprise Bank & Trust Co now owns 22,272 shares of the utilities provider’s stock valued at $1,883,000 after buying an additional 783 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of NextEra Energy by 15.4% during the third quarter. Wedmont Private Capital now owns 14,722 shares of the utilities provider’s stock worth $1,182,000 after buying an additional 1,968 shares during the last quarter. Saxon Interests Inc. acquired a new stake in shares of NextEra Energy in the third quarter worth $303,000. First PREMIER Bank increased its position in NextEra Energy by 86.4% during the third quarter. First PREMIER Bank now owns 1,540 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 714 shares during the period. Finally, Howard Financial Services LTD. acquired a new position in NextEra Energy during the 3rd quarter valued at $266,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NEE shares. BMO Capital Markets lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Morgan Stanley raised their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average price target of $83.07.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction 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 $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $80.94 on Friday. The company has a fifty day moving average price of $81.07 and a two-hundred day moving average price of $74.55. The firm has a market capitalization of $166.29 billion, a PE ratio of 22.05, a P/E/G ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. 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) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the previous year, the company earned $0.88 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio is 56.13%.

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.