Buckingham Capital Management Inc. Has $949,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Buckingham Capital Management Inc. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the third quarter, HoldingsChannel reports. The fund owned 11,226 shares of the utilities provider’s stock after selling 225 shares during the quarter. Buckingham Capital Management Inc.’s holdings in NextEra Energy were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jag Capital Management LLC grew its position in NextEra Energy by 1,082.0% in the 3rd quarter. Jag Capital Management LLC now owns 117,457 shares of the utilities provider’s stock worth $9,929,000 after purchasing an additional 107,520 shares during the last quarter. Kennebec Savings Bank acquired a new position in NextEra Energy in the 3rd quarter valued at approximately $414,000. New Jersey Better Educational Savings Trust bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $203,000. State of New Jersey Common Pension Fund D grew its holdings in shares of NextEra Energy by 0.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 760,828 shares of the utilities provider’s stock worth $64,313,000 after purchasing an additional 4,726 shares in the last quarter. Finally, Stockman Wealth Management Inc. raised its stake in shares of NextEra Energy by 9.0% in the third quarter. Stockman Wealth Management Inc. now owns 3,277 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 271 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.6 %

Shares of NYSE NEE opened at $76.51 on Monday. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The firm’s 50-day simple moving average is $82.05 and its 200 day simple moving average is $77.27. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market cap of $157.34 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its earnings results 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. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share 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. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.69%. NextEra Energy’s payout ratio is 60.95%.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.54.

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.