NextEra Energy, Inc. $NEE Stock Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 22.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,151 shares of the utilities provider’s stock after selling 13,611 shares during the period. Fulcrum Asset Management LLP’s holdings in NextEra Energy were worth $3,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. StoneRidge PMG Advisors LLC bought a new position in NextEra Energy during the third quarter valued at $473,000. Beverly Hills Private Wealth LLC increased its position in NextEra Energy by 10.6% in the third quarter. Beverly Hills Private Wealth LLC now owns 7,544 shares of the utilities provider’s stock worth $571,000 after buying an additional 722 shares during the last quarter. Carret Asset Management LLC raised its stake in shares of NextEra Energy by 1.6% in the third quarter. Carret Asset Management LLC now owns 15,905 shares of the utilities provider’s stock valued at $1,205,000 after buying an additional 253 shares during the period. Almanack Investment Partners LLC. raised its stake in shares of NextEra Energy by 19.0% in the third quarter. Almanack Investment Partners LLC. now owns 3,157 shares of the utilities provider’s stock valued at $239,000 after buying an additional 503 shares during the period. Finally, Johnson & White Wealth Management LLC lifted its position in shares of NextEra Energy by 2.6% during the 3rd quarter. Johnson & White Wealth Management LLC now owns 10,522 shares of the utilities provider’s stock valued at $797,000 after buying an additional 264 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.1%

Shares of NEE stock opened at $86.87 on Tuesday. The stock has a market capitalization of $182.20 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.73 and a beta of 0.60. The company’s fifty day simple moving average is $80.61 and its two-hundred day simple moving average is $87.28. NextEra Energy, Inc. has a 1 year low of $74.41 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s dividend payout ratio is 44.86%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NEE shares. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research note on Monday, October 12th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 21st. Bank of America dropped their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of NextEra Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 17th. One investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.

NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

The company traces its roots to 1925, when Florida Power & Light was established.