Carret Asset Management LLC Has $1.40 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Carret Asset Management LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,561 shares of the utilities provider’s stock after selling 198 shares during the quarter. Carret Asset Management LLC’s holdings in NextEra Energy were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Semmax Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 197.4% during 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 period. Proffitt & Goodson Inc. raised its stake in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at $33,000. Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy in the third quarter worth $39,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of NextEra Energy during the third quarter valued at $45,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’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 completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $81.43 on Friday. The firm has a market cap of $167.37 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The stock’s 50-day moving average is $82.36 and its two-hundred day moving average is $76.20. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. 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 (NYSE:NEE) last posted its earnings results 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. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s payout ratio is presently 66.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NEE shares. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. lifted 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. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.54.

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.