NextEra Energy, Inc. $NEE Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,409 shares of the utilities provider’s stock after selling 8,013 shares during the quarter. VestGen Advisors LLC’s holdings in NextEra Energy were worth $2,076,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Pin Oak Investment Advisors Inc. acquired a new position in NextEra Energy during the second quarter worth $26,000. Kilter Group LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in NextEra Energy during the 2nd quarter worth $26,000. Axiom Investment Management LLC bought a new position in NextEra Energy in the first quarter valued at approximately $32,000. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of NextEra Energy by 83.0% during the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock worth $30,000 after buying an additional 156 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NEE. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Scotiabank reduced their price objective on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. HSBC set a $103.00 price target on NextEra Energy in a report on Thursday, October 22nd. Morgan Stanley set a $110.00 price objective on shares of NextEra Energy and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Finally, Piper Sandler set a $88.00 target price on NextEra Energy in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Trading Up 2.0%

Shares of NEE stock opened at $83.82 on Friday. The stock has a 50 day simple moving average of $80.24 and a two-hundred day simple moving average of $87.17. The company has a market cap of $175.80 billion, a P/E ratio of 20.43, a PEG ratio of 2.54 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. NextEra Energy, Inc. has a fifty-two week low of $74.41 and a fifty-two week high of $98.75.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. NextEra Energy’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

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

NextEra Energy Profile

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.