Sustainable Insight Capital Management LLC Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Sustainable Insight Capital Management LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 42.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,100 shares of the utilities provider’s stock after selling 12,600 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in NextEra Energy were worth $1,445,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Empowered Funds LLC raised its position in shares of NextEra Energy by 21.5% in the 1st quarter. Empowered Funds LLC now owns 60,563 shares of the utilities provider’s stock worth $3,871,000 after acquiring an additional 10,732 shares in the last quarter. Atomi Financial Group Inc. grew its stake in NextEra Energy by 89.2% in the first quarter. Atomi Financial Group Inc. now owns 19,777 shares of the utilities provider’s stock valued at $1,264,000 after purchasing an additional 9,324 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in NextEra Energy by 3.9% in the first quarter. Concurrent Investment Advisors LLC now owns 64,380 shares of the utilities provider’s stock worth $4,115,000 after purchasing an additional 2,432 shares in the last quarter. Choate Investment Advisors lifted its position in shares of NextEra Energy by 7.8% during the first quarter. Choate Investment Advisors now owns 54,030 shares of the utilities provider’s stock valued at $3,453,000 after buying an additional 3,892 shares during the last quarter. Finally, NorthRock Partners LLC boosted its holdings in shares of NextEra Energy by 13.2% in the 1st quarter. NorthRock Partners LLC now owns 18,566 shares of the utilities provider’s stock valued at $1,187,000 after buying an additional 2,168 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Trading Up 3.1 %

NextEra Energy stock opened at $76.97 on Friday. The stock has a 50-day moving average price of $82.05 and a 200 day moving average price of $77.11. The company has a market capitalization of $158.28 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.57. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. 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 (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the company posted $0.94 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.