Boston Family Office LLC Sells 4,121 Shares of NextEra Energy, Inc. (NYSE:NEE)

Boston Family Office LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 284,800 shares of the utilities provider’s stock after selling 4,121 shares during the period. NextEra Energy comprises 1.6% of Boston Family Office LLC’s investment portfolio, making the stock its 19th biggest position. Boston Family Office LLC’s holdings in NextEra Energy were worth $24,074,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Tandem Capital Management Corp ADV raised its position in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 125 shares during the last quarter. Taylor & Morgan Wealth Management LLC raised its position in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after purchasing an additional 126 shares during the last quarter. Insight Folios Inc raised its position in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC raised its position in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after purchasing an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $76.00 on Monday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market capitalization of $156.29 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average of $80.90 and a 200-day moving average of $77.75.

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. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business 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 $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.71%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Bank of America lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $86.85.

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.