Main Street Financial Solutions LLC Sells 1,452 Shares of NextEra Energy, Inc. (NYSE:NEE)

Main Street Financial Solutions LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,592 shares of the utilities provider’s stock after selling 1,452 shares during the period. Main Street Financial Solutions LLC’s holdings in NextEra Energy were worth $980,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. D Orazio & Associates Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $200,000. Schrum Private Wealth Management LLC boosted its stake in NextEra Energy by 47.4% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,860 shares of the utilities provider’s stock worth $1,002,000 after purchasing an additional 3,813 shares during the period. Saturna Capital Corp increased its position in shares of NextEra Energy by 13.6% during the third quarter. Saturna Capital Corp now owns 9,175 shares of the utilities provider’s stock valued at $776,000 after buying an additional 1,100 shares during the period. Pinnacle Financial Partners Inc lifted its holdings in shares of NextEra Energy by 0.4% in the third quarter. Pinnacle Financial Partners Inc now owns 68,580 shares of the utilities provider’s stock worth $5,797,000 after buying an additional 302 shares in the last quarter. Finally, Hartline Investment Corp boosted its position in shares of NextEra Energy by 32.8% in the third quarter. Hartline Investment Corp now owns 18,424 shares of the utilities provider’s stock valued at $1,557,000 after acquiring an additional 4,548 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on NEE shares. Scotiabank increased their target price 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. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Bank of America boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.54.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.0 %

Shares of NEE stock opened at $74.24 on Thursday. The business has a 50-day moving average of $81.84 and a 200 day moving average of $77.39. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market capitalization of $152.67 billion, a PE ratio of 21.96, a P/E/G ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 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.