NextEra Energy, Inc. $NEE Stock Position Lessened by International Assets Investment Management LLC

Key Points

• International Assets Investment Management cut its NextEra Energy stake by 40.4% in the third quarter, selling 13,544 shares and retaining 20,000 shares valued at about $1.52 million.
• NextEra reported quarterly EPS of $1.24, topping the $1.20 consensus, while revenue of $8.09 billion came in below estimates. It declared a quarterly dividend of $0.6232 per share, equivalent to a 3.0% yield.
• Analysts’ consensus rating was Moderate Buy, with a $97.80 average price target; shares opened at $84.17.

International Assets Investment Management LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the utilities provider's stock after selling 13,544 shares during the quarter. International Assets Investment Management LLC's holdings in NextEra Energy were worth $1,515,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock valued at $94,000 after purchasing an additional 111 shares in the last quarter. Legacy Wealth Managment LLC ID grew its holdings in shares of NextEra Energy by 23.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock worth $55,000 after purchasing an additional 112 shares during the last quarter. Fingerlakes Wealth Management Inc. grew its holdings in shares of NextEra Energy by 0.7% during the second quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider's stock worth $1,463,000 after purchasing an additional 116 shares during the last quarter. Zhang Financial LLC increased its stake in shares of NextEra Energy by 1.0% in the second quarter. Zhang Financial LLC now owns 12,432 shares of the utilities provider's stock valued at $1,091,000 after buying an additional 117 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. increased its stake in shares of NextEra Energy by 0.7% in the second quarter. SBI Okasan Asset Management Co.Ltd. now owns 17,715 shares of the utilities provider's stock valued at $1,571,000 after buying an additional 118 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NEE stock opened at $84.17 on Wednesday. The stock has a 50-day moving average price of $80.27 and a 200 day moving average price of $87.20. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The firm has a market cap of $176.54 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.63 and a beta of 0.60. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last released its 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. The firm had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 EPS. Research analysts expect that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NEE shares. Seaport Research Partners reiterated a "sell" rating and set a $56.00 price target (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Mizuho dropped their target price on shares of NextEra Energy from $95.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, October 6th. Jefferies Financial Group reiterated a "hold" rating on shares of NextEra Energy in a research report on Thursday, October 8th. BMO Capital Markets set a $88.00 price target on shares of NextEra Energy and gave the company an "outperform" rating in a report on Tuesday, October 20th. Finally, Wells Fargo & Company raised NextEra Energy to a "strong-buy" rating in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.80.

About NextEra Energy

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.

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