Everence Capital Management Inc. Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

Everence Capital Management Inc. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,220 shares of the utilities provider’s stock after selling 9,770 shares during the quarter. Everence Capital Management Inc.’s holdings in NextEra Energy were worth $5,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Effects LLC increased its stake in NextEra Energy by 2.1% in the third quarter. Wealth Effects LLC now owns 14,584 shares of the utilities provider’s stock worth $1,233,000 after purchasing an additional 302 shares during the period. Castleview Partners LLC grew its holdings in shares of NextEra Energy by 51.1% in the third quarter. Castleview Partners LLC now owns 21,722 shares of the utilities provider’s stock worth $1,836,000 after purchasing an additional 7,343 shares during the last quarter. Violich Capital Management Inc. increased its stake in NextEra Energy by 2.1% in the 3rd quarter. Violich Capital Management Inc. now owns 54,700 shares of the utilities provider’s stock worth $4,624,000 after buying an additional 1,100 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in NextEra Energy by 8.5% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 110,682 shares of the utilities provider’s stock valued at $9,356,000 after buying an additional 8,661 shares in the last quarter. Finally, Cedrus LLC lifted its holdings in NextEra Energy by 20.9% during the 3rd quarter. Cedrus LLC now owns 4,686 shares of the utilities provider’s stock valued at $396,000 after buying an additional 810 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.7 %

NYSE:NEE traded down $0.56 during midday trading on Monday, reaching $83.82. 2,220,192 shares of the stock traded hands, compared to its average volume of 10,746,463. The stock has a market capitalization of $172.21 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10. 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 business has a 50-day moving average of $81.81 and a two-hundred day moving average of $75.61.

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

NextEra Energy Announces Dividend

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 2.46%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley lifted their target price on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.46.

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.