Commonwealth Equity Services LLC Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Commonwealth Equity Services LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,687,079 shares of the utilities provider's stock after selling 74,051 shares during the period. Commonwealth Equity Services LLC owned about 0.13% of NextEra Energy worth $227,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NEE. Proffitt & Goodson Inc. raised 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 valued at $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. lifted its position in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the second quarter worth about $33,000. Family Firm Inc. purchased a new position in NextEra Energy during the second quarter worth about $40,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in NextEra Energy in the 2nd quarter valued at about $43,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NEE. Morgan Stanley boosted their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. 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 price objective for the company. Barclays lifted their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 1st. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, September 3rd. Finally, Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of "Hold" and a consensus target price of $83.64.

NextEra Energy Price Performance

NEE traded up $0.60 during trading on Friday, reaching $84.38. 8,595,305 shares of the company were exchanged, compared to its average volume of 10,786,079. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market cap of $173.36 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10. The company's 50-day moving average is $81.81 and its two-hundred day moving average is $75.52.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the business earned $0.88 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.44%. NextEra Energy's dividend payout ratio is 56.13%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

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.