NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,681 shares of the utilities provider’s stock after selling 965 shares during the quarter. Hollencrest Capital Management’s holdings in NextEra Energy were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NEE. Larson Financial Group LLC lifted its holdings in shares of NextEra Energy by 34.1% in the first quarter. Larson Financial Group LLC now owns 1,330 shares of the utilities provider’s stock valued at $85,000 after buying an additional 338 shares during the period. Empowered Funds LLC lifted its holdings in shares of NextEra Energy by 21.5% in the first quarter. Empowered Funds LLC now owns 60,563 shares of the utilities provider’s stock valued at $3,871,000 after buying an additional 10,732 shares during the period. Hilltop National Bank acquired a new stake in shares of NextEra Energy during the first quarter worth $265,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of NextEra Energy by 64.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,865 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 7,749 shares during the period. Finally, PFG Advisors grew its stake in NextEra Energy by 1.5% in the first quarter. PFG Advisors now owns 15,403 shares of the utilities provider’s stock valued at $984,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $1.77 during mid-day trading on Friday, hitting $76.39. 3,014,017 shares of the company’s stock traded hands, compared to its average volume of 10,865,537. The firm has a 50 day moving average of $82.22 and a two-hundred day moving average of $77.05. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The firm has a market capitalization of $157.09 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last posted 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. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.70%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. 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 target for the company. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.54.

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.