Folger Nolan Fleming Douglas Capital Management Inc. Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,654 shares of the utilities provider’s stock after selling 2,347 shares during the period. NextEra Energy makes up 1.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 26th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in NextEra Energy were worth $10,622,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Norden Group LLC purchased a new stake in NextEra Energy during the first quarter valued at $1,518,000. Kovack Advisors Inc. raised its position in shares of NextEra Energy by 140.2% during the 1st quarter. Kovack Advisors Inc. now owns 20,320 shares of the utilities provider’s stock valued at $1,299,000 after buying an additional 11,860 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of NextEra Energy by 5.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 14,102 shares of the utilities provider’s stock valued at $901,000 after acquiring an additional 667 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in NextEra Energy by 3.9% in the first quarter. Legacy Wealth Asset Management LLC now owns 8,755 shares of the utilities provider’s stock worth $560,000 after acquiring an additional 328 shares in the last quarter. Finally, Accel Wealth Management increased its stake in NextEra Energy by 14.5% during the first quarter. Accel Wealth Management now owns 6,059 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 769 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Trading Down 0.5 %

NYSE:NEE opened at $79.13 on Thursday. The firm has a 50-day simple moving average of $82.43 and a 200-day simple moving average of $76.55. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The firm has a market cap of $162.58 billion, a P/E ratio of 21.56, a P/E/G ratio of 3.03 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.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is currently 56.13%.

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.