Brendel Financial Advisors LLC Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Brendel Financial Advisors LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,351 shares of the utilities provider’s stock after selling 1,455 shares during the quarter. NextEra Energy makes up approximately 2.2% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Brendel Financial Advisors LLC’s holdings in NextEra Energy were worth $3,681,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NEE. Thompson Siegel & Walmsley LLC increased its holdings in NextEra Energy by 5.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,893 shares of the utilities provider’s stock valued at $276,000 after buying an additional 200 shares during the period. Plato Investment Management Ltd increased its holdings in NextEra Energy by 262.2% during the second quarter. Plato Investment Management Ltd now owns 920 shares of the utilities provider’s stock valued at $65,000 after buying an additional 666 shares during the period. Brown Brothers Harriman & Co. increased its holdings in NextEra Energy by 175.0% during the second quarter. Brown Brothers Harriman & Co. now owns 33,110 shares of the utilities provider’s stock valued at $2,345,000 after buying an additional 21,071 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in NextEra Energy by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in NextEra Energy by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,371,154 shares of the utilities provider’s stock valued at $309,595,000 after buying an additional 442,086 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NEE. BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $87.15.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Up 1.5 %

NYSE NEE opened at $67.98 on Wednesday. The company has a market capitalization of $139.79 billion, a PE ratio of 20.11, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a fifty day moving average of $73.79 and a 200 day moving average of $77.26. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. 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 (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 3.03%. NextEra Energy’s dividend payout ratio is presently 60.95%.

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.