NextEra Energy, Inc. $NEE Stock: TrinityBridge Ltd Trims Stake

TrinityBridge Ltd lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,185 shares of the utilities provider’s stock after selling 6,301 shares during the quarter. TrinityBridge Ltd’s holdings in NextEra Energy were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Associated Banc Corp bought a new position in NextEra Energy during the third quarter worth about $14,347,000. Guardian Wealth Advisors LLC acquired a new stake in NextEra Energy during the third quarter valued at approximately $206,000. Watershed Private Wealth LLC acquired a new stake in NextEra Energy during the third quarter valued at approximately $245,000. Integrity Alliance LLC. boosted its holdings in NextEra Energy by 11.2% during the third quarter. Integrity Alliance LLC. now owns 20,020 shares of the utilities provider’s stock valued at $1,516,000 after purchasing an additional 2,024 shares in the last quarter. Finally, Integrity Advisory Solutions LLC grew its stake in shares of NextEra Energy by 36.4% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 12,257 shares of the utilities provider’s stock valued at $928,000 after purchasing an additional 3,273 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 21st. Mizuho cut their price objective on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. BTIG Research set a $106.00 target price on shares of NextEra Energy in a research note on Thursday, October 22nd. Finally, Seaport Research Partners reaffirmed a “sell” rating and issued a $56.00 target price (up from $55.00) on shares of NextEra Energy in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Stock Down 1.0%

Shares of NEE opened at $84.17 on Wednesday. The company has a market capitalization of $176.54 billion, a P/E ratio of 15.17, a PEG ratio of 2.63 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45. NextEra Energy, Inc. has a one year low of $74.41 and a one year high of $98.75. The business’s 50 day simple moving average is $80.27 and its 200-day simple moving average is $87.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The business had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period in the prior year, the company earned $1.13 EPS. NextEra Energy’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s payout ratio is currently 44.86%.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.