NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Fairfield Financial Advisors LTD

Fairfield Financial Advisors LTD trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 34.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,631 shares of the utilities provider’s stock after selling 7,083 shares during the quarter. Fairfield Financial Advisors LTD’s holdings in NextEra Energy were worth $1,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Proffitt & Goodson Inc. raised its stake in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the period. 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. purchased a new stake in shares of NextEra Energy during the third quarter valued at approximately $39,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of NextEra Energy during the third quarter valued at approximately $45,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NEE shares. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Scotiabank lifted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

NEE stock traded up $0.54 during trading on Thursday, hitting $79.63. 4,681,489 shares of the company’s stock traded hands, compared to its average volume of 10,738,103. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The stock has a market capitalization of $163.60 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 3.03 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 stock has a fifty day moving average price of $82.43 and a two-hundred day moving average price of $76.55.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 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.