NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Chicago Capital LLC

Chicago Capital LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the third quarter, HoldingsChannel.com reports. The fund owned 5,284 shares of the utilities provider’s stock after selling 135 shares during the period. Chicago Capital LLC’s holdings in NextEra Energy were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Sycomore Asset Management increased its holdings in shares of NextEra Energy by 0.3% in the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after acquiring an additional 131 shares during the period. BCK Partners Inc. grew its position in NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after buying an additional 135 shares during the last quarter. Zhang Financial LLC grew its position in NextEra Energy by 3.0% in the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock valued at $386,000 after buying an additional 135 shares during the last quarter. Renasant Bank grew its position in NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after buying an additional 142 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC grew its position in NextEra Energy by 1.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after buying an additional 143 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 0.7 %

Shares of NEE stock opened at $84.38 on Monday. The firm has a 50-day moving average price of $81.81 and a 200 day moving average price of $75.61. NextEra Energy, Inc. has a twelve month low of $50.95 and a twelve month high of $86.10. The company has a market capitalization of $173.36 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted 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. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company posted $0.88 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

NEE has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective 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. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.46.

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.