Argent Capital Management LLC Has $52.08 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Argent Capital Management LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 616,152 shares of the utilities provider’s stock after selling 10,881 shares during the quarter. NextEra Energy comprises 1.4% of Argent Capital Management LLC’s portfolio, making the stock its 25th biggest position. Argent Capital Management LLC’s holdings in NextEra Energy were worth $52,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jackson Wealth Management LLC boosted its position in shares of NextEra Energy by 79.0% during the third quarter. Jackson Wealth Management LLC now owns 110,534 shares of the utilities provider’s stock worth $9,343,000 after purchasing an additional 48,786 shares in the last quarter. Grimes & Company Inc. raised its stake in NextEra Energy by 6.1% during the 3rd quarter. Grimes & Company Inc. now owns 10,772 shares of the utilities provider’s stock worth $911,000 after buying an additional 621 shares during the period. Greystone Financial Group LLC lifted its holdings in NextEra Energy by 2.3% during the third quarter. Greystone Financial Group LLC now owns 14,095 shares of the utilities provider’s stock worth $1,191,000 after acquiring an additional 316 shares in the last quarter. CENTRAL TRUST Co grew its stake in NextEra Energy by 1.6% in the third quarter. CENTRAL TRUST Co now owns 207,271 shares of the utilities provider’s stock valued at $17,521,000 after acquiring an additional 3,198 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in shares of NextEra Energy in the third quarter worth about $599,000. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.94 during trading hours on Thursday, hitting $84.02. 2,138,331 shares of the stock were exchanged, compared to its average volume of 10,716,232. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The company has a market cap of $172.62 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company’s fifty day simple moving average is $82.19 and its two-hundred day simple moving average is $75.96.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 56.13%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NEE shares. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Morgan Stanley upped their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Bank of America upped 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, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment 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 MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus price target of $85.46.

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.