Icon Wealth Advisors LLC Has $3.57 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Icon Wealth Advisors LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,194 shares of the utilities provider’s stock after selling 313 shares during the quarter. Icon Wealth Advisors LLC’s holdings in NextEra Energy were worth $3,567,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of NextEra Energy by 296.5% during the first quarter. Cetera Investment Advisers now owns 535,687 shares of the utilities provider’s stock valued at $34,236,000 after purchasing an additional 400,582 shares during the period. Cetera Advisors LLC increased its position in shares of NextEra Energy by 39.4% during the first quarter. Cetera Advisors LLC now owns 164,746 shares of the utilities provider’s stock valued at $10,529,000 after purchasing an additional 46,541 shares during the period. Cetera Advisor Networks LLC increased its position in shares of NextEra Energy by 10.2% during the first quarter. Cetera Advisor Networks LLC now owns 272,494 shares of the utilities provider’s stock valued at $17,415,000 after purchasing an additional 25,216 shares during the period. Pathway Financial Advisers LLC bought a new stake in NextEra Energy in the first quarter valued at $655,000. Finally, Objective Capital Management LLC bought a new stake in NextEra Energy in the first quarter valued at $227,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the 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 transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Up 1.3 %

Shares of NEE opened at $78.52 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market capitalization of $161.47 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.84 and a beta of 0.57. The stock’s fifty day simple moving average is $80.40 and its 200-day simple moving average is $77.80.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, 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 research note on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $86.85.

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.