Schmidt P J Investment Management Inc. Has $10.54 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Schmidt P J Investment Management Inc. cut its position in NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 124,688 shares of the utilities provider’s stock after selling 1,302 shares during the quarter. NextEra Energy comprises 1.8% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 12th biggest holding. Schmidt P J Investment Management Inc.’s holdings in NextEra Energy were worth $10,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proffitt & Goodson Inc. raised its position in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in NextEra Energy during the 2nd quarter worth approximately $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. acquired a new position in NextEra Energy during the 2nd quarter worth approximately $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.38.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 2.5 %

NYSE:NEE opened at $82.82 on Friday. The firm’s fifty day moving average is $82.19 and its 200-day moving average is $75.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The firm has a market cap of $170.16 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 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.