Independent Advisor Alliance Has $10.60 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Independent Advisor Alliance reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 125,399 shares of the utilities provider’s stock after selling 2,348 shares during the period. Independent Advisor Alliance’s holdings in NextEra Energy were worth $10,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Silvercrest Asset Management Group LLC grew its position in shares of NextEra Energy by 2.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 67,456 shares of the utilities provider’s stock valued at $4,311,000 after purchasing an additional 1,420 shares during the last quarter. Waverly Advisors LLC grew its stake in shares of NextEra Energy by 128.2% in the first quarter. Waverly Advisors LLC now owns 16,601 shares of the utilities provider’s stock valued at $1,061,000 after acquiring an additional 9,326 shares in the last quarter. Bayesian Capital Management LP bought a new position in NextEra Energy during the first quarter worth about $1,541,000. Ancora Advisors LLC boosted its holdings in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of NextEra Energy by 11.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 206,009 shares of the utilities provider’s stock worth $13,166,000 after purchasing an additional 21,195 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $76.00 on Monday. 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a 50 day simple moving average of $80.90 and a two-hundred day simple moving average of $77.75. The company has a market capitalization of $156.29 billion, a PE ratio of 22.49, a P/E/G ratio of 2.75 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. NextEra Energy’s payout ratio is currently 60.95%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of analyst reports. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research 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 research note on Friday, October 18th. Morgan Stanley decreased their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.85.

NextEra Energy 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.