CT Financial Advisors LLC reduced its position in shares of NextEra Energy Inc. (NYSE:NEE) by 3.0% during the third quarter, Holdings Channel reports. The fund owned 18,409 shares of the company’s stock after selling 573 shares during the period. NextEra Energy makes up about 1.4% of CT Financial Advisors LLC’s investment portfolio, making the stock its 19th largest position. CT Financial Advisors LLC’s holdings in NextEra Energy were worth $2,252,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Global X Management Co. LLC increased its position in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock worth $107,000 after buying an additional 579 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the period. Blue Chip Partners Inc. acquired a new stake in NextEra Energy during the second quarter worth approximately $140,000. Jackson Grant Investment Advisers Inc. boosted its stake in NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock worth $141,000 after buying an additional 71 shares during the period. Finally, Cribstone Capital Management LLC acquired a new stake in NextEra Energy during the second quarter worth approximately $149,000. 72.53% of the stock is owned by institutional investors.
NextEra Energy Inc. (NYSE:NEE) traded up 1.34% during trading on Monday, reaching $116.30. The company’s stock had a trading volume of 4,640,286 shares. NextEra Energy Inc. has a 52 week low of $96.19 and a 52 week high of $131.98. The company has a market capitalization of $54.34 billion, a PE ratio of 21.98 and a beta of 0.26. The company has a 50 day moving average price of $120.86 and a 200-day moving average price of $123.62.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Monday, October 31st. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.67 by $0.07. The business earned $4.81 billion during the quarter, compared to analysts’ expectations of $4.87 billion. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. During the same period last year, the firm earned $1.60 EPS. Equities research analysts anticipate that NextEra Energy Inc. will post $6.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.99%. NextEra Energy’s dividend payout ratio is currently 66.29%.
A number of research firms have recently commented on NEE. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 23rd. Mizuho restated a “buy” rating and issued a $138.00 price objective on shares of NextEra Energy in a research report on Friday, October 7th. Bank of America Corp. restated a “buy” rating and issued a $149.00 price objective on shares of NextEra Energy in a research report on Tuesday, September 27th. Deutsche Bank AG cut NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a research report on Friday, September 23rd. Finally, Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a research report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $129.08.
In other NextEra Energy news, Director Amy B. Lane purchased 1,000 shares of NextEra Energy stock in a transaction dated Wednesday, November 2nd. The stock was acquired at an average cost of $122.90 per share, with a total value of $122,900.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 24,927 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $123.55, for a total value of $3,079,730.85. Following the completion of the sale, the executive vice president now directly owns 47,189 shares of the company’s stock, valued at $5,830,200.95. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.