OneDigital Investment Advisors LLC Has $2.89 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

OneDigital Investment Advisors LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the third quarter, HoldingsChannel reports. The fund owned 34,213 shares of the utilities provider’s stock after selling 1,072 shares during the period. OneDigital Investment Advisors LLC’s holdings in NextEra Energy were worth $2,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Proffitt & Goodson Inc. lifted its position in NextEra Energy by 64.0% during 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 in the last quarter. Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Reston Wealth Management LLC bought a new stake in NextEra Energy during the third quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new position in NextEra Energy during the second quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the third quarter valued at approximately $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.4 %

NEE stock opened at $76.35 on Friday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a market capitalization of $157.01 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. The company’s 50-day simple moving average is $81.53 and its 200 day simple moving average is $77.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.70%. NextEra Energy’s dividend payout ratio is 60.95%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America boosted their price objective 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. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.54.

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.