13,611 NextEra Energy, Inc. $NEE Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 22.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,151 shares of the utilities provider's stock after selling 13,611 shares during the quarter. Fulcrum Asset Management LLP's holdings in NextEra Energy were worth $3,578,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NEE. Pin Oak Investment Advisors Inc. bought a new stake in NextEra Energy during the second quarter worth $26,000. Kilter Group LLC bought a new position in NextEra Energy during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new position in NextEra Energy during the 2nd quarter valued at $26,000. Axiom Investment Management LLC bought a new position in NextEra Energy during the 1st quarter valued at $32,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in NextEra Energy by 83.0% during the 2nd quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider's stock worth $30,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NEE shares. Wall Street Zen upgraded shares of NextEra Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, October 17th. Scotiabank lowered their target price on shares of NextEra Energy from $110.00 to $99.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. BTIG Research set a $106.00 price target on shares of NextEra Energy in a research report on Thursday, October 22nd. Morgan Stanley set a $110.00 price target on shares of NextEra Energy and gave the stock an "overweight" rating in a report on Wednesday, October 14th. Finally, Weiss Ratings upgraded shares of NextEra Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $97.80.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $86.87 on Tuesday. The business's fifty day simple moving average is $80.61 and its 200 day simple moving average is $87.28. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The firm has a market capitalization of $182.20 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The business's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy's dividend payout ratio is presently 44.86%.

NextEra Energy Company 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.

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