SS&H Financial Advisors Inc. Has $2.36 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

SS&H Financial Advisors Inc. cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,881 shares of the utilities provider’s stock after selling 270 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in NextEra Energy were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Steigerwald Gordon & Koch Inc. increased its stake in shares of NextEra Energy by 4.2% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 236,518 shares of the utilities provider’s stock worth $19,993,000 after acquiring an additional 9,509 shares during the last quarter. Advocate Group LLC boosted its holdings in NextEra Energy by 1.2% in the third quarter. Advocate Group LLC now owns 57,060 shares of the utilities provider’s stock worth $4,823,000 after purchasing an additional 682 shares in the last quarter. Atlas Private Wealth Advisors boosted its holdings in NextEra Energy by 4.4% in the third quarter. Atlas Private Wealth Advisors now owns 6,921 shares of the utilities provider’s stock worth $585,000 after purchasing an additional 290 shares in the last quarter. Enterprise Bank & Trust Co boosted its holdings in NextEra Energy by 3.6% in the third quarter. Enterprise Bank & Trust Co now owns 22,272 shares of the utilities provider’s stock worth $1,883,000 after purchasing an additional 783 shares in the last quarter. Finally, Wedmont Private Capital boosted its holdings in NextEra Energy by 15.4% in the third quarter. Wedmont Private Capital now owns 14,722 shares of the utilities provider’s stock worth $1,182,000 after purchasing an additional 1,968 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.1 %

NEE stock traded up $0.87 during midday trading on Thursday, reaching $81.45. The company’s stock had a trading volume of 2,744,078 shares, compared to its average volume of 10,829,697. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. The stock has a market cap of $167.34 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. 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 business’s 50-day simple moving average is $81.07 and its 200-day simple moving average is $74.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.88 earnings per share. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NEE. Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Citigroup increased their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $83.07.

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.