Realta Investment Advisors Sells 3,754 Shares of NextEra Energy, Inc. (NYSE:NEE)

Realta Investment Advisors reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 57.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,828 shares of the utilities provider’s stock after selling 3,754 shares during the period. Realta Investment Advisors’ holdings in NextEra Energy were worth $234,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tandem Capital Management Corp ADV grew its holdings in NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC grew its holdings in 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 period. Insight Folios Inc grew its holdings in NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares during the period. Osborne Partners Capital Management LLC grew its holdings in NextEra Energy by 1.2% in the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after purchasing an additional 128 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after purchasing an additional 130 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 2.4 %

Shares of NEE stock opened at $77.35 on Friday. The company has a market capitalization of $159.06 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.86 and a beta of 0.57. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The company’s fifty day moving average price is $82.39 and its 200-day moving average price is $76.77. 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 for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during 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%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.94 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.66%. NextEra Energy’s payout ratio is currently 60.95%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. BMO Capital Markets raised their target price 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. Finally, Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average price target 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.