Naviter Wealth LLC Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Naviter Wealth LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,877 shares of the utilities provider’s stock after selling 367 shares during the period. Naviter Wealth LLC’s holdings in NextEra Energy were worth $1,596,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NEE. Proffitt & Goodson Inc. raised its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the period. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the period. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy in the 2nd quarter worth about $33,000. Family Firm Inc. purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $40,000. Finally, Bbjs Financial Advisors LLC bought a new position in shares of NextEra Energy during the second quarter valued at approximately $43,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.7 %

Shares of NYSE:NEE opened at $83.79 on Friday. The company has a market capitalization of $172.15 billion, a PE ratio of 22.83, a P/E/G ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10. The business’s fifty day simple moving average is $81.67 and its 200-day simple moving average is $75.29.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the company posted $0.88 earnings per share. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.46%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NEE. Barclays raised their price target on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. BMO Capital Markets boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Bank of America upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.07.

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.