NextEra Energy, Inc. (NYSE:NEE) Stock Position Reduced by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,685 shares of the utilities provider’s stock after selling 125 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in NextEra Energy were worth $819,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Proffitt & Goodson Inc. grew its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter worth about $33,000. Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $39,000. Finally, Family Firm Inc. bought a new position in shares of NextEra Energy in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE traded down $0.26 during mid-day trading on Friday, hitting $82.55. The company’s stock had a trading volume of 329,497 shares, compared to its average volume of 10,703,303. 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 current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $169.60 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 2.92 and a beta of 0.56. The stock has a fifty day moving average of $82.19 and a 200-day moving average of $75.96.

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 analysts’ consensus estimates 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 return on equity of 11.75% and a net margin of 24.45%. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.50%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NEE. Barclays upped their target price 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. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $86.38.

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 stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.