Icon Wealth Advisors LLC Sells 23,991 Shares of NextEra Energy, Inc. (NYSE:NEE)

Icon Wealth Advisors LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 56.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,516 shares of the utilities provider’s stock after selling 23,991 shares during the quarter. Icon Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,565,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Allen Capital Group LLC grew its holdings in shares of NextEra Energy by 126.3% in the third quarter. Allen Capital Group LLC now owns 10,869 shares of the utilities provider’s stock worth $919,000 after purchasing an additional 6,067 shares during the last quarter. Biltmore Family Office LLC raised its holdings in NextEra Energy by 20.6% during the 3rd quarter. Biltmore Family Office LLC now owns 6,820 shares of the utilities provider’s stock valued at $576,000 after buying an additional 1,165 shares during the last quarter. AlphaCore Capital LLC boosted its position in NextEra Energy by 17.8% during the 3rd quarter. AlphaCore Capital LLC now owns 15,605 shares of the utilities provider’s stock valued at $1,319,000 after buying an additional 2,359 shares during the period. Concorde Asset Management LLC bought a new stake in NextEra Energy in the 3rd quarter worth $208,000. Finally, 49 Wealth Management LLC purchased a new position in shares of NextEra Energy in the third quarter valued at about $234,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NEE. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.85.

NextEra Energy Stock Down 1.1 %

Shares of NextEra Energy stock opened at $76.00 on Friday. The company has a 50-day moving average of $80.90 and a 200 day moving average of $77.67. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a market cap of $156.29 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.