Mutual Advisors LLC Cuts Holdings in NextEra Energy Inc (NYSE:NEE)

Mutual Advisors LLC reduced its position in NextEra Energy Inc (NYSE:NEE) by 18.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,895 shares of the utilities provider’s stock after selling 854 shares during the quarter. Mutual Advisors LLC’s holdings in NextEra Energy were worth $908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bedel Financial Consulting Inc. boosted its position in NextEra Energy by 1.4% in the third quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock valued at $795,000 after buying an additional 47 shares in the last quarter. Horan Securities Inc. boosted its holdings in shares of NextEra Energy by 37.6% in the 3rd quarter. Horan Securities Inc. now owns 172 shares of the utilities provider’s stock worth $40,000 after buying an additional 47 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of NextEra Energy by 1.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 3,891 shares of the utilities provider’s stock worth $906,000 after buying an additional 47 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,855 shares of the utilities provider’s stock worth $645,000 after buying an additional 47 shares during the last quarter. Finally, Meridian Financial Partners LLC boosted its holdings in shares of NextEra Energy by 1.8% in the 2nd quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock worth $588,000 after buying an additional 49 shares during the last quarter. 74.53% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Charles E. Sieving sold 4,987 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $222.52, for a total transaction of $1,109,707.24. Following the completion of the sale, the executive vice president now owns 46,467 shares of the company’s stock, valued at $10,339,836.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sherry S. Barrat sold 4,700 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $218.57, for a total value of $1,027,279.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,576 shares of company stock worth $21,514,886. Insiders own 0.48% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Guggenheim boosted their price target on shares of NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Co boosted their price target on shares of NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their price target on shares of NextEra Energy from $241.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. KeyCorp upped their price objective on shares of NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $231.67.

NYSE NEE opened at $226.30 on Thursday. The company has a market cap of $112.22 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 3.44 and a beta of 0.17. NextEra Energy Inc has a 52 week low of $164.78 and a 52 week high of $239.89. The company has a quick ratio of 0.47, a current ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm’s 50-day simple moving average is $231.44 and its two-hundred day simple moving average is $213.08.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.12. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The company’s revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. As a group, equities research analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 27th. NextEra Energy’s payout ratio is 64.94%.

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, 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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