Vest Financial LLC Sells 15,424 Shares of NextEra Energy, Inc. $NEE

Vest Financial LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 848,729 shares of the utilities provider’s stock after selling 15,424 shares during the period. NextEra Energy comprises about 0.8% of Vest Financial LLC’s holdings, making the stock its 21st largest holding. Vest Financial LLC’s holdings in NextEra Energy were worth $64,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Williams & Novak LLC bought a new stake in NextEra Energy during the 3rd quarter worth $388,000. Joel Isaacson & Co. LLC grew its holdings in shares of NextEra Energy by 4.3% during the third quarter. Joel Isaacson & Co. LLC now owns 39,517 shares of the utilities provider’s stock worth $2,983,000 after purchasing an additional 1,638 shares during the last quarter. Waldron Private Wealth LLC increased its stake in shares of NextEra Energy by 11.0% in the third quarter. Waldron Private Wealth LLC now owns 15,473 shares of the utilities provider’s stock valued at $1,168,000 after buying an additional 1,539 shares during the period. Cora Capital Advisors LLC bought a new position in NextEra Energy in the 3rd quarter valued at approximately $211,000. Finally, Demars Financial Group LLC raised its holdings in NextEra Energy by 24.2% in the 3rd quarter. Demars Financial Group LLC now owns 9,155 shares of the utilities provider’s stock valued at $691,000 after buying an additional 1,786 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NEE. UBS Group set a $91.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. Morgan Stanley decreased their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a research report on Tuesday, December 9th. Wolfe Research upped their price target on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Finally, Cowen began coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Stock Performance

NEE stock opened at $83.51 on Wednesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average price of $82.25 and a 200-day moving average price of $78.41. The firm has a market cap of $173.92 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 72.29%.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.