LS Investment Advisors LLC Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

LS Investment Advisors LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,527 shares of the utilities provider’s stock after selling 2,774 shares during the period. LS Investment Advisors LLC’s holdings in NextEra Energy were worth $4,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Trinity Legacy Partners LLC purchased a new stake in NextEra Energy during the 3rd quarter worth about $228,000. Global Strategic Investment Solutions LLC increased its position in shares of NextEra Energy by 4.7% during the third quarter. Global Strategic Investment Solutions LLC now owns 4,635 shares of the utilities provider’s stock worth $392,000 after purchasing an additional 208 shares in the last quarter. Jmac Enterprises LLC increased its position in shares of NextEra Energy by 83.6% during the third quarter. Jmac Enterprises LLC now owns 5,938 shares of the utilities provider’s stock worth $502,000 after purchasing an additional 2,703 shares in the last quarter. Castle Wealth Management LLC increased its position in shares of NextEra Energy by 28.0% during the third quarter. Castle Wealth Management LLC now owns 18,353 shares of the utilities provider’s stock worth $1,551,000 after purchasing an additional 4,014 shares in the last quarter. Finally, Montecito Bank & Trust increased its position in shares of NextEra Energy by 7.4% during the third quarter. Montecito Bank & Trust now owns 17,575 shares of the utilities provider’s stock worth $1,486,000 after purchasing an additional 1,211 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.1 %

NEE stock opened at $74.58 on Friday. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The company has a market cap of $153.37 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.83 and a beta of 0.57. 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 business has a fifty day simple moving average of $82.22 and a 200-day simple moving average of $77.05.

NextEra Energy (NYSE:NEE) last announced 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. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS 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. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.76%. NextEra Energy’s payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley boosted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.54.

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.