NextEra Energy, Inc. $NEE Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 5.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 141,215 shares of the utilities provider’s stock after selling 7,925 shares during the period. Heritage Investors Management Corp’s holdings in NextEra Energy were worth $10,696,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. PUREfi Wealth LLC increased its holdings in NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after buying an additional 107 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in shares of NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 111 shares during the last quarter. Legacy Wealth Managment LLC ID increased its stake in shares of NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 112 shares during the last quarter. Fingerlakes Wealth Management Inc. raised its holdings in shares of NextEra Energy by 0.7% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider’s stock worth $1,463,000 after purchasing an additional 116 shares during the period. Finally, Zhang Financial LLC raised its holdings in shares of NextEra Energy by 1.0% in the 2nd quarter. Zhang Financial LLC now owns 12,432 shares of the utilities provider’s stock worth $1,091,000 after purchasing an additional 117 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. HSBC set a $103.00 price objective on NextEra Energy in a report on Thursday, October 22nd. Piper Sandler set a $88.00 price target on NextEra Energy in a research note on Tuesday, October 20th. Scotiabank cut their price target on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Finally, BTIG Research set a $106.00 price objective on NextEra Energy in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $97.80.

Get Our Latest Report on NextEra Energy

NextEra Energy Stock Up 0.1%

NEE opened at $83.82 on Monday. The company has a 50 day moving average of $80.24 and a 200 day moving average of $87.17. The company has a market cap of $175.80 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.60. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33.

NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, sell-side analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be given a $0.6232 dividend. The ex-dividend date is Friday, November 27th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. NextEra Energy’s payout ratio is 44.86%.

About NextEra Energy

(Free Report)

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.

Further Reading

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

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