WealthPLAN Partners LLC Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

WealthPLAN Partners LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 31.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,893 shares of the utilities provider’s stock after selling 4,948 shares during the period. WealthPLAN Partners LLC’s holdings in NextEra Energy were worth $921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its position in NextEra Energy by 11.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 70,299 shares of the utilities provider’s stock worth $4,493,000 after purchasing an additional 7,174 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of NextEra Energy by 2.2% during the 1st quarter. Bleakley Financial Group LLC now owns 43,342 shares of the utilities provider’s stock valued at $2,770,000 after acquiring an additional 925 shares during the period. Sheets Smith Wealth Management purchased a new position in shares of NextEra Energy in the 1st quarter valued at about $421,000. Koshinski Asset Management Inc. raised its holdings in NextEra Energy by 305.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 26,546 shares of the utilities provider’s stock worth $1,697,000 after purchasing an additional 20,004 shares during the period. Finally, Rogco LP grew its holdings in NextEra Energy by 5.0% in the first quarter. Rogco LP now owns 4,655 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 222 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NEE shares. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Stock Down 1.4 %

NextEra Energy stock opened at $75.91 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The firm has a 50 day moving average price of $81.95 and a 200 day moving average price of $77.33. The company has a market capitalization of $156.10 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. 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 issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.41 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. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.