24,750 NextEra Energy, Inc. $NEE Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 54.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,840 shares of the utilities provider’s stock after selling 24,750 shares during the period. Lockheed Martin Investment Management Co.’s holdings in NextEra Energy were worth $1,578,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NEE. Kilter Group LLC bought a new stake in NextEra Energy in the second quarter worth about $25,000. Manning & Napier Advisors LLC bought a new position in shares of NextEra Energy during the second quarter valued at approximately $26,000. Pin Oak Investment Advisors Inc. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 83.0% in the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock worth $30,000 after buying an additional 156 shares during the period. Finally, Axiom Investment Management LLC purchased a new stake in shares of NextEra Energy in the first quarter worth approximately $32,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BTIG Research set a $106.00 price objective on shares of NextEra Energy in a report on Thursday, October 22nd. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Sanford C. Bernstein reissued an “outperform” rating and set a $108.00 price target on shares of NextEra Energy in a research report on Wednesday, October 21st. Bank of America dropped their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Trading Down 0.1%

NextEra Energy stock opened at $86.87 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The company has a market capitalization of $182.20 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The stock has a 50-day moving average price of $80.61 and a 200 day moving average price of $87.28.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The firm had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter last year, the company posted $1.13 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is 44.86%.

NextEra Energy Profile

NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.

NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

The company traces its roots to 1925, when Florida Power & Light was established.