VestGen Advisors LLC Sells 8,013 Shares of NextEra Energy, Inc. $NEE

VestGen Advisors LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,409 shares of the utilities provider’s stock after selling 8,013 shares during the quarter. VestGen Advisors LLC’s holdings in NextEra Energy were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Czech National Bank increased its holdings in shares of NextEra Energy by 4.7% in the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after purchasing an additional 26,378 shares during the period. Annex Advisory Services LLC boosted its stake in NextEra Energy by 13.9% during the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after buying an additional 86,585 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in NextEra Energy by 4.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock worth $47,797,000 after buying an additional 21,569 shares in the last quarter. CV Advisors LLC purchased a new position in shares of NextEra Energy during the second quarter worth about $1,404,000. Finally, Avity Investment Management Inc. increased its holdings in shares of NextEra Energy by 5.7% in the 2nd quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock worth $43,936,000 after buying an additional 26,848 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 2.0%

NEE stock opened at $83.82 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45. The stock has a market capitalization of $175.80 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.54 and a beta of 0.64. The business has a fifty day moving average price of $80.24 and a 200-day moving average price of $87.17. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter last year, the firm posted $1.13 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is currently 44.86%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. BMO Capital Markets set a $88.00 price objective on NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, October 20th. Scotiabank dropped their price objective on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Barclays dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, October 23rd. Finally, BTIG Research set a $106.00 price objective on shares of NextEra Energy in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.