Onyx Bridge Wealth Group LLC Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Onyx Bridge Wealth Group LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,947 shares of the utilities provider’s stock after selling 221 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in NextEra Energy were worth $418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Proffitt & Goodson Inc. boosted its holdings in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $33,000. Family Firm Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $40,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.7 %

NEE opened at $84.35 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a one year low of $50.95 and a one year high of $86.10. The firm has a market capitalization of $173.30 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a fifty day moving average price of $81.81 and a 200-day moving average price of $75.44.

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

NextEra Energy Dividend Announcement

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. This represents a $2.06 annualized dividend and a yield of 2.44%. NextEra Energy’s payout ratio is presently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent research reports. Morgan Stanley raised their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Finally, Wells Fargo & Company upped their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $83.64.

About NextEra Energy

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.