NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,467 shares of the utilities provider’s stock after selling 1,477 shares during the period. Eads & Heald Wealth Management’s holdings in NextEra Energy were worth $1,646,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proffitt & Goodson Inc. boosted its position in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the second quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the 3rd quarter valued at $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 2.4 %

Shares of NextEra Energy stock opened at $77.35 on Friday. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The firm has a market capitalization of $159.06 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. 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’s fifty day moving average is $82.39 and its 200-day moving average is $76.67.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (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 firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $86.54.

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.