Hancock Whitney Corp Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Hancock Whitney Corp decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 5.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,680 shares of the utilities provider’s stock after selling 1,313 shares during the period. Hancock Whitney Corp’s holdings in NextEra Energy were worth $2,002,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Tandem Capital Management Corp ADV increased its position in shares of NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after acquiring an additional 125 shares in the last quarter. Insight Folios Inc increased its holdings in shares of NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC raised its stake in shares of NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after purchasing an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC lifted its holdings in shares of NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after purchasing an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in shares of NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after buying an additional 130 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 0.8 %

NYSE NEE opened at $76.64 on Tuesday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $157.60 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.75 and a beta of 0.57. The stock’s 50-day moving average price is $80.74 and its 200-day moving average price is $77.76.

NextEra Energy (NYSE:NEE) last released its 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. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Analyst Ratings Changes

A number of equities analysts have weighed in on NEE shares. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Scotiabank increased their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.85.

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.