NextEra Energy, Inc. (NYSE:NEE) Stock Position Trimmed by West Branch Capital LLC

West Branch Capital LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 22.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,374 shares of the utilities provider’s stock after selling 396 shares during the quarter. West Branch Capital LLC’s holdings in NextEra Energy were worth $116,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sycomore Asset Management lifted its position in NextEra Energy by 0.3% in the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after purchasing an additional 131 shares during the last quarter. BCK Partners Inc. lifted its position in NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 135 shares during the last quarter. Zhang Financial LLC increased its stake in NextEra Energy by 3.0% during the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock valued at $386,000 after buying an additional 135 shares during the period. Renasant Bank increased its stake in NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after buying an additional 142 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its stake in NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after buying an additional 143 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 0.7 %

Shares of NEE stock traded up $0.60 during trading on Friday, hitting $84.38. 8,595,305 shares of the company were exchanged, compared to its average volume of 10,786,079. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The firm has a market capitalization of $173.36 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.92 and a beta of 0.56. The business’s 50-day simple moving average is $81.81 and its 200 day simple moving average is $75.52. NextEra Energy, Inc. has a twelve month low of $50.95 and a twelve month high of $86.10.

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

NextEra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on NEE. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Bank of America lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $83.64.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on 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 directly owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.