Kavar Capital Partners Group LLC Sells 697 Shares of NextEra Energy, Inc. (NYSE:NEE)

Kavar Capital Partners Group LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,457 shares of the utilities provider’s stock after selling 697 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in NextEra Energy were worth $968,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NEE. Osborne Partners Capital Management LLC raised its holdings in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 128 shares in the last quarter. Boston Trust Walden Corp raised its holdings in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after acquiring an additional 130 shares in the last quarter. Sycomore Asset Management raised its holdings in NextEra Energy by 0.3% in the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after acquiring an additional 131 shares in the last quarter. BCK Partners Inc. raised its holdings in NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after acquiring an additional 135 shares in the last quarter. Finally, Zhang Financial LLC raised its holdings in NextEra Energy by 3.0% in the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 135 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Trading Down 1.7 %

Shares of NEE stock opened at $81.43 on Friday. The firm has a market capitalization of $167.37 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock’s fifty day simple moving average is $82.36 and its 200 day simple moving average is $76.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s dividend payout ratio is currently 66.88%.

NextEra Energy Profile

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.