NextEra Energy, Inc. (NYSE:NEE) Position Trimmed by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,927 shares of the utilities provider’s stock after selling 1,414 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in NextEra Energy were worth $416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proffitt & Goodson Inc. grew its stake in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. grew its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the 2nd quarter valued at about $33,000. Maryland Capital Advisors Inc. purchased a new position in NextEra Energy during the 3rd quarter valued at about $39,000. Finally, Family Firm Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NEE shares. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Morgan Stanley boosted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Down 0.1 %

Shares of NEE stock opened at $79.03 on Thursday. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The firm has a market cap of $162.37 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The stock has a 50 day moving average of $82.43 and a 200-day moving average of $76.55. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company 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 company earned $0.94 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.61%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

About NextEra Energy

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.