Ferguson Wellman Capital Management Inc. Sells 1,145 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ferguson Wellman Capital Management Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,132 shares of the utilities provider’s stock after selling 1,145 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in NextEra Energy were worth $6,520,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,193,401.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley upped their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

NYSE NEE traded down $0.28 during trading on Thursday, reaching $73.96. 344,142 shares of the company’s stock were exchanged, compared to its average volume of 10,882,831. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The stock has a market capitalization of $152.09 billion, a P/E ratio of 21.96, a PEG ratio of 2.68 and a beta of 0.57. The business has a 50 day moving average price of $81.70 and a 200-day moving average price of $77.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

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.