Mascoma Wealth Management LLC Sells 133 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mascoma Wealth Management LLC lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 455 shares of the utilities provider’s stock after selling 133 shares during the period. Mascoma Wealth Management LLC’s holdings in NextEra Energy were worth $38,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proactive Wealth Strategies LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at about $711,000. Verus Capital Partners LLC bought a new stake in NextEra Energy in the third quarter worth $232,000. GSA Capital Partners LLP purchased a new position in shares of NextEra Energy during the 3rd quarter worth about $406,000. Harbour Investments Inc. grew its holdings in NextEra Energy by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 17,335 shares of the utilities provider’s stock valued at $1,465,000 after purchasing an additional 358 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in NextEra Energy by 1.3% in the third quarter. Apollon Wealth Management LLC now owns 85,901 shares of the utilities provider’s stock worth $7,261,000 after purchasing an additional 1,067 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEE. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Finally, Scotiabank raised their price target 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. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Performance

Shares of NEE stock opened at $75.91 on Tuesday. NextEra Energy, Inc. has a 52-week low of $53.81 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a market cap of $156.10 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. The business has a 50-day simple moving average of $81.95 and a 200-day simple moving average of $77.33.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current 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 given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

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.