Tandem Investment Advisors Inc. Has $111.99 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Tandem Investment Advisors Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,324,891 shares of the utilities provider’s stock after selling 20,785 shares during the quarter. NextEra Energy makes up 4.2% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 7th biggest position. Tandem Investment Advisors Inc.’s holdings in NextEra Energy were worth $111,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Proffitt & Goodson Inc. lifted its holdings in shares of 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 in the last quarter. Semmax Financial Advisors Inc. lifted its stake in NextEra Energy by 197.4% in the second 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 in the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the second quarter worth $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $74.58 on Friday. The business has a fifty day moving average price of $82.22 and a two-hundred day moving average price of $77.05. The stock has a market capitalization of $153.37 billion, a PE ratio of 22.07, a P/E/G ratio of 2.83 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the business earned $0.94 earnings per share. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.76%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

NextEra Energy Company 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.