Cynosure Group LLC Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Cynosure Group LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,628 shares of the utilities provider’s stock after selling 303 shares during the quarter. Cynosure Group LLC’s holdings in NextEra Energy were worth $476,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Townsquare Capital LLC raised its position in NextEra Energy by 37.4% during the third quarter. Townsquare Capital LLC now owns 46,646 shares of the utilities provider’s stock valued at $3,943,000 after purchasing an additional 12,689 shares during the period. Baldwin Investment Management LLC boosted its stake in NextEra Energy by 0.9% during the third quarter. Baldwin Investment Management LLC now owns 35,357 shares of the utilities provider’s stock worth $2,989,000 after buying an additional 317 shares during the period. Brooklyn Investment Group raised its stake in shares of NextEra Energy by 19.0% in the third quarter. Brooklyn Investment Group now owns 19,425 shares of the utilities provider’s stock valued at $1,642,000 after acquiring an additional 3,099 shares during the period. Covington Investment Advisors Inc. lifted its holdings in shares of NextEra Energy by 0.5% in the 3rd quarter. Covington Investment Advisors Inc. now owns 58,205 shares of the utilities provider’s stock worth $4,920,000 after acquiring an additional 280 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of NextEra Energy by 171.9% during the 3rd quarter. Quantbot Technologies LP now owns 83,623 shares of the utilities provider’s stock worth $7,069,000 after purchasing an additional 52,866 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The stock was 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 approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.3 %

NEE opened at $78.54 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm has a market cap of $161.50 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.77 and a beta of 0.57. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a fifty day moving average price of $80.48 and a 200-day moving average price of $77.79.

NextEra Energy (NYSE:NEE) last announced 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 net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, equities research 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 announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Analyst Ratings Changes

A number of analysts recently weighed in on NEE shares. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Bank of America lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.85.

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.