Vest Financial LLC Has $64.07 Million Stock Holdings in NextEra Energy, Inc. $NEE

Vest Financial LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 848,729 shares of the utilities provider’s stock after selling 15,424 shares during the period. NextEra Energy accounts for 0.8% of Vest Financial LLC’s portfolio, making the stock its 21st largest position. Vest Financial LLC’s holdings in NextEra Energy were worth $64,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Synergy Asset Management LLC lifted its stake in NextEra Energy by 286.0% in the 3rd quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after purchasing an additional 16,322 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after buying an additional 2,767 shares during the period. Hunter Perkins Capital Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $3,966,000. Dillon & Associates Inc. lifted its position in shares of NextEra Energy by 8.4% in the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after buying an additional 5,261 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its stake in shares of NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 7,645 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Jefferies Financial Group set a $87.00 price target on NextEra Energy in a report on Wednesday, January 14th. TD Cowen initiated coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target on the stock. UBS Group set a $91.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a research report on Tuesday, December 9th. Finally, Mizuho lifted their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

NextEra Energy Trading Down 0.1%

Shares of NEE stock opened at $83.51 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The stock has a market cap of $173.92 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. The stock has a 50 day simple moving average of $82.25 and a 200 day simple moving average of $78.41. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.