Great Diamond Partners LLC Sells 4,117 Shares of NextEra Energy, Inc. (NYSE:NEE)

Great Diamond Partners LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,932 shares of the utilities provider’s stock after selling 4,117 shares during the period. Great Diamond Partners LLC’s holdings in NextEra Energy were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carret Asset Management LLC lifted its stake in shares of NextEra Energy by 4.4% during the 1st quarter. Carret Asset Management LLC now owns 17,358 shares of the utilities provider’s stock valued at $1,109,000 after buying an additional 731 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of NextEra Energy by 40.3% during the first quarter. Valeo Financial Advisors LLC now owns 21,488 shares of the utilities provider’s stock worth $1,373,000 after acquiring an additional 6,170 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of NextEra Energy by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 222,626 shares of the utilities provider’s stock worth $14,228,000 after acquiring an additional 1,075 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in NextEra Energy by 55.7% during the 1st quarter. Valley National Advisers Inc. now owns 4,653 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 1,665 shares during the period. Finally, Norden Group LLC purchased a new position in NextEra Energy during the 1st quarter valued at about $1,518,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Finally, BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Performance

NextEra Energy stock opened at $79.57 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The company’s 50-day moving average price is $82.44 and its 200-day moving average price is $76.53. The company has a market cap of $163.48 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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. This represents a $2.06 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.