Argent Capital Management LLC Has $52.08 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Argent Capital Management LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 616,152 shares of the utilities provider’s stock after selling 10,881 shares during the quarter. NextEra Energy accounts for approximately 1.4% of Argent Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Argent Capital Management LLC’s holdings in NextEra Energy were worth $52,083,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Proffitt & Goodson Inc. grew its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. grew its stake in shares of 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 period. Valley Wealth Managers Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at about $33,000. Maryland Capital Advisors Inc. acquired a new position in NextEra Energy during the 3rd quarter worth approximately $39,000. Finally, Family Firm Inc. bought a new position in NextEra Energy in the second quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NEE shares. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Citigroup upped their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.46.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.94 during trading on Thursday, hitting $84.02. The company’s stock had a trading volume of 2,138,331 shares, compared to its average volume of 10,716,232. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a market cap of $172.62 billion, a PE ratio of 23.15, a P/E/G ratio of 2.92 and a beta of 0.56. The business has a fifty day moving average of $82.19 and a 200-day moving average of $75.96. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is 56.13%.

About NextEra Energy

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.