West Oak Capital LLC Sells 58,712 Shares of NextEra Energy, Inc. (NYSE:NEE)

West Oak Capital LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 98.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 761 shares of the utilities provider’s stock after selling 58,712 shares during the quarter. West Oak Capital LLC’s holdings in NextEra Energy were worth $55,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. 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 worth $26,000 after purchasing an additional 225 shares during the last quarter. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $27,000. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Quarry LP acquired a new stake in shares of NextEra Energy in the third quarter valued at about $33,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was 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 in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $3.27 during midday trading on Friday, reaching $67.39. The company’s stock had a trading volume of 16,260,540 shares, compared to its average volume of 8,409,135. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The business’s 50 day moving average price is $74.43 and its two-hundred day moving average price is $77.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $138.58 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.66 and a beta of 0.58.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. NextEra Energy’s payout ratio is 60.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NEE shares. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $87.15.

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.