First Horizon Advisors Inc. Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

First Horizon Advisors Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,770 shares of the utilities provider’s stock after selling 173 shares during the period. First Horizon Advisors Inc.’s holdings in NextEra Energy were worth $3,784,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CreativeOne Wealth LLC raised its holdings in shares of NextEra Energy by 56.0% during the first quarter. CreativeOne Wealth LLC now owns 28,204 shares of the utilities provider’s stock valued at $1,802,000 after purchasing an additional 10,123 shares during the last quarter. Capital International Inc. CA boosted its stake in shares of NextEra Energy by 4.9% in the 1st quarter. Capital International Inc. CA now owns 59,439 shares of the utilities provider’s stock worth $3,799,000 after buying an additional 2,781 shares during the last quarter. Senator Investment Group LP grew its holdings in shares of NextEra Energy by 191.1% in the first quarter. Senator Investment Group LP now owns 19,629 shares of the utilities provider’s stock worth $1,254,000 after acquiring an additional 12,886 shares during the period. Stonebridge Capital Advisors LLC increased its position in NextEra Energy by 1.8% during the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 143 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in NextEra Energy by 20.9% in the first quarter. Truvestments Capital LLC now owns 62,552 shares of the utilities provider’s stock valued at $3,998,000 after acquiring an additional 10,833 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Down 0.3 %

NYSE:NEE opened at $76.87 on Thursday. The stock has a fifty day simple moving average of $81.20 and a 200-day simple moving average of $77.64. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a market cap of $158.08 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley raised their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.