Livingston Group Asset Management CO operating as Southport Capital Management Sells 176 Shares of NextEra Energy Inc (NYSE:NEE)

Livingston Group Asset Management CO operating as Southport Capital Management lessened its position in NextEra Energy Inc (NYSE:NEE) by 5.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,984 shares of the utilities provider’s stock after selling 176 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in NextEra Energy were worth $695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TRUE Private Wealth Advisors bought a new position in NextEra Energy during the second quarter valued at approximately $25,000. Krane Funds Advisors LLC bought a new position in NextEra Energy during the second quarter valued at approximately $25,000. Manchester Financial Inc. bought a new position in NextEra Energy during the second quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC lifted its position in NextEra Energy by 446.4% during the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 625 shares during the period. Finally, First PREMIER Bank bought a new position in NextEra Energy during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

NEE stock traded down $3.76 during midday trading on Monday, reaching $233.12. 156,466 shares of the company’s stock traded hands, compared to its average volume of 1,908,803. NextEra Energy Inc has a 52-week low of $164.78 and a 52-week high of $239.89. The stock has a market cap of $116.11 billion, a P/E ratio of 30.29, a PEG ratio of 3.56 and a beta of 0.18. The company has a current ratio of 0.58, a quick ratio of 0.42 and a debt-to-equity ratio of 0.90. The stock’s 50-day moving average is $227.97 and its 200 day moving average is $210.45.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the company earned $2.18 earnings per share. The firm’s revenue was up 26.1% on a year-over-year basis. As a group, research analysts expect that NextEra Energy Inc will post 8.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.14%. NextEra Energy’s dividend payout ratio is currently 64.94%.

NEE has been the topic of a number of research analyst reports. Barclays downgraded shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective on the stock. in a research report on Tuesday, August 13th. Credit Suisse Group increased their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. UBS Group increased their price objective on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Guggenheim increased their price objective on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $225.43.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the sale, the director now directly owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,576 shares of company stock valued at $21,514,886. 0.48% of the stock is owned by corporate insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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