Heritage Investors Management Corp Sells 7,925 Shares of NextEra Energy, Inc. $NEE

Heritage Investors Management Corp cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,215 shares of the utilities provider’s stock after selling 7,925 shares during the quarter. Heritage Investors Management Corp’s holdings in NextEra Energy were worth $10,696,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at about $26,000. Kilter Group LLC acquired a new position in NextEra Energy during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new position in NextEra Energy in the second quarter worth approximately $26,000. Axiom Investment Management LLC bought a new position in NextEra Energy in the first quarter worth approximately $32,000. Finally, Financial Network Wealth Advisors LLC grew its stake in NextEra Energy by 83.0% in the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 156 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley set a $110.00 price objective on NextEra Energy and gave the company an “overweight” rating in a report on Wednesday, October 14th. Jefferies Financial Group reiterated a “hold” rating on shares of NextEra Energy in a report on Thursday, October 8th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Piper Sandler set a $88.00 price target on shares of NextEra Energy in a research note on Tuesday, October 20th. Finally, Weiss Ratings upgraded shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.80.

NextEra Energy Stock Performance

Shares of NEE stock opened at $83.82 on Monday. The firm has a 50-day moving average of $80.24 and a 200-day moving average of $87.17. The company has a market cap of $175.80 billion, a P/E ratio of 15.10, a P/E/G ratio of 2.59 and a beta of 0.60. 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, Inc. has a one year low of $74.41 and a one year high of $98.75.

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

NextEra Energy Announces Dividend

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

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.