Franklin Street Advisors Inc. NC Sells 269 Shares of NextEra Energy, Inc. (NYSE:NEE)

Franklin Street Advisors Inc. NC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,166 shares of the utilities provider’s stock after selling 269 shares during the period. Franklin Street Advisors Inc. NC’s holdings in NextEra Energy were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. Acadian Asset Management LLC grew its position in NextEra Energy by 846.9% during the second quarter. Acadian Asset Management LLC now owns 55,613 shares of the utilities provider’s stock valued at $3,937,000 after acquiring an additional 49,740 shares during the last quarter. Andra AP fonden bought a new position in shares of NextEra Energy during the second quarter valued at about $92,000. Eagle Strategies LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $473,000. Wealthgarden F.S. LLC purchased a new stake in NextEra Energy during the 2nd quarter valued at about $237,000. Finally, Trueblood Wealth Management LLC grew its position in NextEra Energy by 2.0% during the 2nd quarter. Trueblood Wealth Management LLC now owns 15,014 shares of the utilities provider’s stock worth $1,063,000 after acquiring an additional 293 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 4.0 %

NEE traded down $2.83 during midday trading on Friday, reaching $67.83. The company’s stock had a trading volume of 5,532,146 shares, compared to its average volume of 6,557,229. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock’s 50-day moving average is $74.43 and its 200-day moving average is $77.31. The firm has a market capitalization of $139.49 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.66 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. During the same period in the previous year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.15.

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,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.