WASHINGTON TRUST Co Sells 4,525 Shares of NextEra Energy, Inc. (NYSE:NEE)

WASHINGTON TRUST Co decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 338,392 shares of the utilities provider’s stock after selling 4,525 shares during the quarter. NextEra Energy accounts for 1.0% of WASHINGTON TRUST Co’s investment portfolio, making the stock its 20th biggest holding. WASHINGTON TRUST Co’s holdings in NextEra Energy were worth $28,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the last quarter. Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the second quarter valued at approximately $33,000. Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the third quarter worth $39,000. Finally, ORG Wealth Partners LLC bought a new position in NextEra Energy in the 3rd quarter valued at $45,000. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Price Performance

NEE traded down $0.38 during midday trading on Wednesday, hitting $79.18. The stock had a trading volume of 2,770,910 shares, compared to its average volume of 10,726,278. The company has a market cap of $162.68 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The business has a fifty day moving average of $82.44 and a 200 day moving average of $76.53. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.60%. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.