Beaird Harris Wealth Management LLC Sells 1,256 Shares of NextEra Energy, Inc. (NYSE:NEE)

Beaird Harris Wealth Management LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 51.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,192 shares of the utilities provider’s stock after selling 1,256 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in NextEra Energy were worth $101,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Bank of America upped their price objective 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. Eight investment 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 a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Trading Up 0.5 %

NEE stock opened at $73.62 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a market cap of $151.39 billion, a P/E ratio of 21.78, a PEG ratio of 2.67 and a beta of 0.56. The business has a fifty day moving average of $78.41 and a 200-day moving average of $77.74.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the company posted $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.