Linscomb Wealth Inc. Sells 487 Shares of NextEra Energy, Inc. (NYSE:NEE)

Linscomb Wealth Inc. reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 103,580 shares of the utilities provider’s stock after selling 487 shares during the quarter. Linscomb Wealth Inc.’s holdings in NextEra Energy were worth $8,756,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gouws Capital LLC increased its stake in shares of NextEra Energy by 1.1% in the 3rd quarter. Gouws Capital LLC now owns 71,248 shares of the utilities provider’s stock valued at $6,023,000 after acquiring an additional 800 shares in the last quarter. Empowered Funds LLC increased its stake in NextEra Energy by 8.1% in the third quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock valued at $3,359,000 after purchasing an additional 2,974 shares in the last quarter. Empirical Finance LLC increased its stake in NextEra Energy by 2.2% in the third quarter. Empirical Finance LLC now owns 69,774 shares of the utilities provider’s stock valued at $5,898,000 after purchasing an additional 1,509 shares in the last quarter. Bard Associates Inc. raised its holdings in shares of NextEra Energy by 13.7% during the third quarter. Bard Associates Inc. now owns 22,154 shares of the utilities provider’s stock valued at $1,873,000 after purchasing an additional 2,675 shares during the period. Finally, Vectors Research Management LLC boosted its position in shares of NextEra Energy by 11.8% during the 3rd quarter. Vectors Research Management LLC now owns 26,076 shares of the utilities provider’s stock worth $2,204,000 after purchasing an additional 2,761 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE traded up $0.45 during midday trading on Friday, reaching $75.73. The company had a trading volume of 1,931,855 shares, compared to its average volume of 10,903,035. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business has a 50-day moving average price of $81.60 and a two-hundred day moving average price of $77.35. The stock has a market cap of $155.73 billion, a PE ratio of 22.49, a P/E/G ratio of 2.68 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.41 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 Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.72%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Profile

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.