NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Cadence Bank

Cadence Bank reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,493 shares of the utilities provider’s stock after selling 1,979 shares during the period. Cadence Bank’s holdings in NextEra Energy were worth $887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group boosted its holdings in shares of NextEra Energy by 19.0% during the 3rd quarter. Brooklyn Investment Group now owns 19,425 shares of the utilities provider’s stock worth $1,642,000 after purchasing an additional 3,099 shares during the last quarter. Covington Investment Advisors Inc. boosted its holdings in shares of NextEra Energy by 0.5% during the 3rd quarter. Covington Investment Advisors Inc. now owns 58,205 shares of the utilities provider’s stock worth $4,920,000 after purchasing an additional 280 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of NextEra Energy by 171.9% during the 3rd quarter. Quantbot Technologies LP now owns 83,623 shares of the utilities provider’s stock worth $7,069,000 after purchasing an additional 52,866 shares during the last quarter. Associated Banc Corp lifted its holdings in NextEra Energy by 2.1% in the third quarter. Associated Banc Corp now owns 198,652 shares of the utilities provider’s stock valued at $16,792,000 after acquiring an additional 4,052 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in NextEra Energy by 3.5% in the third quarter. Truvestments Capital LLC now owns 67,027 shares of the utilities provider’s stock valued at $5,666,000 after acquiring an additional 2,272 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.3 %

Shares of NYSE NEE opened at $78.54 on Thursday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The business’s 50 day moving average is $80.48 and its two-hundred day moving average is $77.79. 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 market cap of $161.50 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.77 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share 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 business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets upped 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. Guggenheim upped their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.85.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.