Farther Finance Advisors LLC Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Farther Finance Advisors LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 34.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,814 shares of the utilities provider's stock after selling 19,012 shares during the quarter. Farther Finance Advisors LLC's holdings in NextEra Energy were worth $3,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 197.4% during 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 acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the 2nd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy in the third quarter worth $39,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $86.54.

NextEra Energy Stock Performance

NYSE:NEE traded down $1.90 during mid-day trading on Friday, reaching $77.35. 14,615,297 shares of the stock were exchanged, compared to its average volume of 9,753,562. The stock has a market capitalization of $159.06 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.57. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10. The company has a 50 day simple moving average of $82.39 and a 200-day simple moving average of $76.87. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm posted $0.94 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. 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 2.66%. NextEra Energy's payout ratio is 60.95%.

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.