Hohimer Wealth Management LLC Has $1.27 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Hohimer Wealth Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,965 shares of the utilities provider’s stock after buying an additional 907 shares during the period. Hohimer Wealth Management LLC’s holdings in NextEra Energy were worth $1,265,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. lifted its position in shares of 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 purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% in 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 bought a new position in NextEra Energy in the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new position in NextEra Energy during the 2nd quarter worth $33,000. Finally, Quarry LP bought a new position in NextEra Energy in the 3rd quarter valued at $33,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $74.18 on Wednesday. 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 12-month low of $53.95 and a 12-month high of $86.10. The firm has a fifty day moving average of $79.30 and a 200-day moving average of $77.84. The firm has a market capitalization of $152.54 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.78%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Bank of America boosted their price target 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. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.85.

Insider Buying and Selling 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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

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.