NextEra Energy, Inc. (NYSE:NEE) Holdings Lowered by Guidance Capital Inc.

Guidance Capital Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,668 shares of the utilities provider’s stock after selling 753 shares during the period. Guidance Capital Inc.’s holdings in NextEra Energy were worth $1,238,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. TFG Advisers LLC grew its stake in shares of NextEra Energy by 0.7% in the 3rd quarter. TFG Advisers LLC now owns 36,346 shares of the utilities provider’s stock worth $3,072,000 after purchasing an additional 267 shares during the last quarter. Spring Capital Management LLC increased its position in shares of NextEra Energy by 8.0% in the third quarter. Spring Capital Management LLC now owns 72,299 shares of the utilities provider’s stock worth $6,111,000 after acquiring an additional 5,361 shares in the last quarter. Greenleaf Trust increased its position in shares of NextEra Energy by 1.4% in the third quarter. Greenleaf Trust now owns 126,571 shares of the utilities provider’s stock worth $10,699,000 after acquiring an additional 1,774 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of NextEra Energy by 275.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 33,214 shares of the utilities provider’s stock worth $2,808,000 after acquiring an additional 24,364 shares in the last quarter. Finally, Marietta Wealth Management LLC increased its position in shares of NextEra Energy by 1.8% in the third quarter. Marietta Wealth Management LLC now owns 87,660 shares of the utilities provider’s stock worth $7,410,000 after acquiring an additional 1,557 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Barclays boosted their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.46.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.3 %

NYSE NEE traded down $0.21 during trading on Wednesday, reaching $83.49. The company’s stock had a trading volume of 3,177,177 shares, compared to its average volume of 10,721,468. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $171.53 billion, a PE ratio of 22.75, a PEG ratio of 2.92 and a beta of 0.56. The business has a 50-day moving average price of $82.05 and a 200-day moving average price of $75.89. NextEra Energy, Inc. has a 1-year low of $53.11 and a 1-year high of $86.10.

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, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.88 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s 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.