Stratos Wealth Partners LTD. Has $6.86 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Stratos Wealth Partners LTD. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 81,152 shares of the utilities provider’s stock after selling 273 shares during the period. Stratos Wealth Partners LTD.’s holdings in NextEra Energy were worth $6,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter valued at about $33,000. ORG Wealth Partners LLC bought a new position in shares of NextEra Energy in the 3rd quarter valued at approximately $45,000. Finally, Family Firm Inc. bought a new position in shares of NextEra Energy in the 2nd quarter valued at approximately $40,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Bank of America lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Finally, Barclays increased their target price on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $83.64.

NextEra Energy Trading Up 0.7 %

Shares of NextEra Energy stock opened at $84.38 on Friday. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10. The firm has a market capitalization of $173.36 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. 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 company’s fifty day moving average price is $81.81 and its two-hundred day moving average price is $75.52.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s payout ratio is presently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Company 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.