Dearborn Partners LLC Has $20.26 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Dearborn Partners LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 239,686 shares of the utilities provider’s stock after selling 1,874 shares during the quarter. Dearborn Partners LLC’s holdings in NextEra Energy were worth $20,261,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Proffitt & Goodson Inc. raised its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the second quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the third quarter worth $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $75.28 on Friday. The firm has a market cap of $154.81 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.68 and a beta of 0.57. 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’s fifty day simple moving average is $81.70 and its 200 day simple moving average is $77.36. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last issued 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. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BMO Capital Markets lifted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Scotiabank upped their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.54.

About NextEra Energy

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.