Eagle Bay Advisors LLC Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

Eagle Bay Advisors LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,810 shares of the utilities provider’s stock after selling 297 shares during the quarter. Eagle Bay Advisors LLC’s holdings in NextEra Energy were worth $322,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Semmax Financial Advisors Inc. grew its holdings in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Proffitt & Goodson Inc. grew its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the second quarter valued at $33,000. Maryland Capital Advisors Inc. acquired a new stake in NextEra Energy in the third quarter valued at $39,000. Finally, ORG Wealth Partners LLC acquired a new stake in NextEra Energy in the third quarter valued at $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Citigroup increased their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Barclays increased their price objective on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $85.46.

NextEra Energy Trading Up 0.3 %

Shares of NYSE NEE traded up $0.23 during midday trading on Wednesday, hitting $83.93. The stock had a trading volume of 3,855,676 shares, compared to its average volume of 10,724,778. The company has a market capitalization of $172.44 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $53.11 and a 1-year high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a fifty day moving average price of $82.05 and a 200 day moving average price of $75.89.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for 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 posted $0.88 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.