Hamilton Point Investment Advisors LLC Sells 656 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hamilton Point Investment Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,577 shares of the utilities provider’s stock after selling 656 shares during the period. NextEra Energy makes up approximately 1.5% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Hamilton Point Investment Advisors LLC’s holdings in NextEra Energy were worth $8,502,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NEE. Legal & General Group Plc increased its stake in NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after purchasing an additional 143,748 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NextEra Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after purchasing an additional 86,758 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after buying an additional 452,590 shares during the period. Raymond James & Associates lifted its holdings in NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after buying an additional 851,873 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after buying an additional 409,708 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Bank of America upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.85.

NextEra Energy Stock Down 1.1 %

NEE stock opened at $76.00 on Friday. The stock has a market capitalization of $156.29 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $80.90 and a 200 day moving average of $77.67.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the firm earned $0.94 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business 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 dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. NextEra Energy’s payout ratio is currently 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.