NextEra Energy, Inc. (NYSE:NEE) Holdings Lowered by West Coast Financial LLC

West Coast Financial LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,290 shares of the utilities provider’s stock after selling 1,031 shares during the period. West Coast Financial LLC’s holdings in NextEra Energy were worth $594,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. International Assets Investment Management LLC raised its stake in shares of NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after buying an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. raised its position in NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB lifted its holdings in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares during the last quarter. National Bank of Canada FI boosted its position in shares of NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after purchasing an additional 851,873 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $69.25 on Thursday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month 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 stock has a market cap of $142.41 billion, a P/E ratio of 20.49, a PEG ratio of 2.26 and a beta of 0.58. The company’s 50-day simple moving average is $73.79 and its 200 day simple moving average is $77.26.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company earned $0.94 EPS. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analyst Weigh In

Several analysts recently commented on NEE shares. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Finally, Barclays raised their target price 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $87.15.

Insider Activity at NextEra Energy

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

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.