NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,686 shares of the utilities provider’s stock after selling 1,874 shares during the period. Dearborn Partners LLC’s holdings in NextEra Energy were worth $20,261,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Proffitt & Goodson Inc. boosted its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. grew its position in 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 purchasing an additional 225 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the third quarter worth $27,000. Valley Wealth Managers Inc. acquired a new position in NextEra Energy in the 2nd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the third quarter worth approximately $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.4 %

Shares of NEE opened at $75.28 on Friday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market cap of $154.81 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. The firm’s 50-day simple moving average is $81.70 and its 200 day simple moving average is $77.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share 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 analysts’ expectations of $8.11 billion. During the same period last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is 60.95%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms have weighed in on NEE. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $86.54.

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.