Commonwealth Equity Services LLC Has $227.14 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Commonwealth Equity Services LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,687,079 shares of the utilities provider’s stock after selling 74,051 shares during the quarter. Commonwealth Equity Services LLC owned about 0.13% of NextEra Energy worth $227,139,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NEE. Sycomore Asset Management raised its holdings in NextEra Energy by 0.3% in the second quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock worth $3,473,000 after buying an additional 131 shares during the last quarter. BCK Partners Inc. lifted its stake in NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after acquiring an additional 135 shares during the period. Zhang Financial LLC grew its stake in shares of NextEra Energy by 3.0% in the third quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock worth $386,000 after acquiring an additional 135 shares during the period. Renasant Bank raised its holdings in shares of NextEra Energy by 1.0% during the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 142 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its position in NextEra Energy by 1.8% during the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NEE shares. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Citigroup raised their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. BMO Capital Markets upped their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.64.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.60 during mid-day trading on Friday, reaching $84.38. The stock had a trading volume of 8,595,305 shares, compared to its average volume of 10,786,079. The company has a market cap of $173.36 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The business’s 50 day moving average price is $81.81 and its 200 day moving average price is $75.44. 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 1 year low of $50.95 and a 1 year high of $86.10.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.44%. NextEra Energy’s payout ratio 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.