Lederer & Associates Investment Counsel CA Sells 176 Shares of NextEra Energy, Inc. (NYSE:NEE)

Lederer & Associates Investment Counsel CA reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,852 shares of the utilities provider’s stock after selling 176 shares during the period. NextEra Energy accounts for approximately 1.6% of Lederer & Associates Investment Counsel CA’s investment portfolio, making the stock its 14th biggest position. Lederer & Associates Investment Counsel CA’s holdings in NextEra Energy were worth $2,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Insight Folios Inc raised its position in shares of NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after acquiring an additional 126 shares during the last quarter. First American Bank increased its position in NextEra Energy by 16.4% during the 3rd quarter. First American Bank now owns 5,777 shares of the utilities provider’s stock valued at $488,000 after purchasing an additional 812 shares during the period. OMNI 360 Wealth Inc. raised its holdings in NextEra Energy by 2.0% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 7,769 shares of the utilities provider’s stock worth $657,000 after purchasing an additional 155 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of NextEra Energy by 6.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 238,661 shares of the utilities provider’s stock worth $20,174,000 after purchasing an additional 15,270 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its stake in shares of NextEra Energy by 14.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 31,531 shares of the utilities provider’s stock valued at $2,665,000 after purchasing an additional 4,062 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEE. Scotiabank boosted 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. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Trading Up 0.1 %

Shares of NextEra Energy stock opened at $81.55 on Monday. 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 fifty day simple moving average of $82.36 and a 200 day simple moving average of $76.28. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The company has a market capitalization of $167.55 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm earned $0.94 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s payout ratio is 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.