NextEra Energy, Inc. (NYSE:NEE) is Granite Group Advisors LLC’s 6th Largest Position

Granite Group Advisors LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,498 shares of the utilities provider’s stock after selling 696 shares during the quarter. NextEra Energy comprises about 1.9% of Granite Group Advisors LLC’s holdings, making the stock its 6th largest position. Granite Group Advisors LLC’s holdings in NextEra Energy were worth $2,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Proffitt & Goodson Inc. grew its stake in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter worth $27,000. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy during the second quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the third quarter worth about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.0 %

NEE traded up $0.77 during trading on Friday, reaching $75.39. The stock had a trading volume of 1,216,309 shares, compared to its average volume of 10,855,433. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The company has a market capitalization of $155.03 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.83 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock’s 50 day moving average is $82.22 and its two-hundred day moving average is $77.05.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. As a group, analysts expect 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. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Analyst Ratings Changes

Several equities analysts have recently commented on NEE shares. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. One 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’s stock. Based on data from MarketBeat, the stock presently 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.