NextEra Energy Inc (NYSE:NEE) Stock Holdings Lessened by Stephens Inc. AR

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Stephens Inc. AR reduced its holdings in NextEra Energy Inc (NYSE:NEE) by 8.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,057 shares of the utilities provider’s stock after selling 2,800 shares during the quarter. Stephens Inc. AR’s holdings in NextEra Energy were worth $7,236,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Bedel Financial Consulting Inc. grew its stake in shares of NextEra Energy by 1.4% in the 3rd quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock worth $795,000 after purchasing an additional 47 shares during the last quarter. Meridian Financial Partners LLC increased its position in shares of NextEra Energy by 1.8% in the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock worth $588,000 after acquiring an additional 49 shares in the last quarter. Grove Bank & Trust increased its position in shares of NextEra Energy by 1.0% in the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock worth $1,015,000 after acquiring an additional 49 shares in the last quarter. Bogart Wealth LLC increased its position in shares of NextEra Energy by 1.4% in the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock worth $824,000 after acquiring an additional 54 shares in the last quarter. Finally, Outlook Wealth Advisors LLC increased its position in shares of NextEra Energy by 3.4% in the third quarter. Outlook Wealth Advisors LLC now owns 1,709 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

NEE stock opened at $231.20 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. The stock has a market cap of $110.72 billion, a P/E ratio of 30.03, a P/E/G ratio of 3.45 and a beta of 0.18. The firm has a 50 day simple moving average of $226.08 and a 200 day simple moving average of $208.90. NextEra Energy Inc has a 52 week low of $164.78 and a 52 week high of $234.27.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.28 by $0.07. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company posted $2.08 earnings per share. Sell-side analysts predict that NextEra Energy Inc will post 8.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.16%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

Several research firms have recently weighed in on NEE. Guggenheim lifted their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America lifted their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. KeyCorp lifted their target price on shares of NextEra Energy from $231.00 to $242.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Credit Suisse Group lifted their target price on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $224.00.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the completion of the sale, the director now directly owns 16,237 shares in the company, valued at $3,755,942.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric E. Silagy sold 14,723 shares of NextEra Energy stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $225.56, for a total transaction of $3,320,919.88. Following the completion of the sale, the chief executive officer now owns 42,884 shares of the company’s stock, valued at $9,672,915.04. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock valued at $21,514,886 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

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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