Capital Advisors Ltd. LLC Lowers Stake in NextEra Energy Inc (NYSE:NEE)

Capital Advisors Ltd. LLC cut its position in shares of NextEra Energy Inc (NYSE:NEE) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 715 shares of the utilities provider’s stock after selling 78 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in NextEra Energy were worth $167,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NEE. Buckingham Capital Management Inc. grew its holdings in NextEra Energy by 4.9% in the first quarter. Buckingham Capital Management Inc. now owns 13,958 shares of the utilities provider’s stock valued at $2,698,000 after purchasing an additional 651 shares during the period. Marshall Wace LLP grew its holdings in NextEra Energy by 87.5% in the first quarter. Marshall Wace LLP now owns 3,420 shares of the utilities provider’s stock valued at $661,000 after purchasing an additional 1,596 shares during the period. Bath Savings Trust Co grew its holdings in NextEra Energy by 0.9% in the second quarter. Bath Savings Trust Co now owns 54,751 shares of the utilities provider’s stock valued at $11,216,000 after purchasing an additional 501 shares during the period. Park National Corp OH grew its holdings in NextEra Energy by 13.8% in the second quarter. Park National Corp OH now owns 58,191 shares of the utilities provider’s stock valued at $11,921,000 after purchasing an additional 7,038 shares during the period. Finally, Private Trust Co. NA grew its holdings in NextEra Energy by 13.0% in the second quarter. Private Trust Co. NA now owns 6,636 shares of the utilities provider’s stock valued at $1,359,000 after purchasing an additional 761 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Shares of NYSE NEE opened at $237.55 on Friday. NextEra Energy Inc has a 12-month low of $164.78 and a 12-month high of $239.89. The company has a market cap of $113.18 billion, a P/E ratio of 30.85, a P/E/G ratio of 3.56 and a beta of 0.18. The company has a current ratio of 0.58, a quick ratio of 0.42 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average price of $227.73 and a 200 day moving average price of $210.22.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.12. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the firm earned $2.18 EPS. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, sell-side analysts forecast that NextEra Energy Inc will post 8.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 2.10%. NextEra Energy’s dividend payout ratio is currently 64.94%.

NEE has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Barclays downgraded shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price for the company. in a report on Tuesday, August 13th. Wells Fargo & Co boosted their target price on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday. Guggenheim boosted their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $225.43.

In related news, EVP Charles E. Sieving sold 4,987 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $222.52, for a total value of $1,109,707.24. Following the completion of the sale, the executive vice president now directly owns 46,467 shares in the company, valued at approximately $10,339,836.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James L. Robo sold 44,537 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,576 shares of company stock valued at $21,514,886. 0.48% of the stock is owned by 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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