Schmidt P J Investment Management Inc. Sells 1,302 Shares of NextEra Energy, Inc. (NYSE:NEE)

Schmidt P J Investment Management Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,688 shares of the utilities provider’s stock after selling 1,302 shares during the quarter. NextEra Energy makes up about 1.8% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 12th biggest position. Schmidt P J Investment Management Inc.’s holdings in NextEra Energy were worth $10,540,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Proffitt & Goodson Inc. boosted its stake in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at $33,000. Maryland Capital Advisors Inc. acquired a new stake in NextEra Energy in the 3rd quarter valued at $39,000. Finally, Family Firm Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at $40,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on NEE. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Morgan Stanley lifted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Finally, BMO Capital Markets lifted 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.38.

NextEra Energy Stock Performance

Shares of NEE stock opened at $82.82 on Friday. The company has a market capitalization of $170.16 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.92 and a beta of 0.56. 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 company has a 50-day simple moving average of $82.19 and a 200 day simple moving average of $75.96. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $0.94 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Insiders Place Their Bets

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

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.