Orion Portfolio Solutions LLC Has $9.34 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Orion Portfolio Solutions LLC trimmed its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,529 shares of the utilities provider's stock after selling 9,161 shares during the period. Orion Portfolio Solutions LLC's holdings in NextEra Energy were worth $9,343,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Proffitt & Goodson Inc. increased its position in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after buying an additional 144 shares during the period. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after buying an additional 225 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new position in NextEra Energy in the 2nd quarter worth approximately $33,000. Finally, Quarry LP bought a new position in NextEra Energy in the 3rd quarter worth approximately $33,000. 78.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.96 on Friday, reaching $75.24. The company's stock had a trading volume of 7,079,144 shares, compared to its average volume of 10,491,270. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $154.72 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.74 and a beta of 0.56. The business's fifty day moving average price is $79.50 and its 200 day moving average price is $77.84. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results 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. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is currently 60.95%.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 price objective on the stock. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. 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 research report on Friday, October 18th. Finally, Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $86.85.

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.