West Michigan Advisors LLC Has $2.84 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

West Michigan Advisors LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,624 shares of the utilities provider’s stock after selling 981 shares during the quarter. West Michigan Advisors LLC’s holdings in NextEra Energy were worth $2,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC increased its stake in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its stake in shares of NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after buying an additional 26,270 shares in the last quarter. Ancora Advisors LLC increased its stake in shares of NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after buying an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC increased its stake in shares of NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after buying an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after buying an additional 2,163,437 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 2.5 %

NYSE:NEE opened at $82.82 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market capitalization of $170.16 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The business’s 50-day simple moving average is $82.19 and its 200-day simple moving average is $75.96.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

A number of brokerages recently commented on NEE. Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Barclays lifted their price objective on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.38.

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.