Heritage Wealth Advisors Has $453,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Heritage Wealth Advisors lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 31.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,317 shares of the utilities provider’s stock after selling 2,921 shares during the period. Heritage Wealth Advisors’ holdings in NextEra Energy were worth $453,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NEE. Howard Capital Management Group LLC boosted its stake in shares of NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after buying an additional 5,409 shares during the period. Quest Partners LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $183,000. Harvest Fund Management Co. Ltd grew its holdings in shares of NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 571 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of NextEra Energy by 7.8% in the third quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock worth $233,000 after purchasing an additional 199 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in NextEra Energy by 1.9% in the third quarter. Brown Brothers Harriman & Co. now owns 33,743 shares of the utilities provider’s stock valued at $2,852,000 after purchasing an additional 633 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NextEra Energy stock opened at $68.70 on Wednesday. The business has a 50 day moving average of $70.70 and a 200-day moving average of $75.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1 year low of $61.30 and a 1 year high of $86.10. The company has a market capitalization of $141.32 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Guggenheim reissued a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley upped their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.92.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

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.