Franklin Street Advisors Inc. NC Sells 269 Shares of NextEra Energy, Inc. (NYSE:NEE)

Franklin Street Advisors Inc. NC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,166 shares of the utilities provider’s stock after selling 269 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in NextEra Energy were worth $872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. ST Germain D J Co. Inc. boosted its position in NextEra Energy by 5.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after buying an additional 9,425 shares in the last quarter. ORG Partners LLC lifted its stake in shares of NextEra Energy by 19.0% in the 4th quarter. ORG Partners LLC now owns 3,377 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 540 shares during the last quarter. Legacy Private Trust Co. boosted its holdings in shares of NextEra Energy by 6.9% during the 4th quarter. Legacy Private Trust Co. now owns 14,755 shares of the utilities provider’s stock valued at $1,058,000 after acquiring an additional 950 shares in the last quarter. Private Client Services LLC grew its position in NextEra Energy by 5.0% during the 4th quarter. Private Client Services LLC now owns 3,369 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 161 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in NextEra Energy by 28.5% in the 4th quarter. Fulton Bank N.A. now owns 28,991 shares of the utilities provider’s stock worth $2,078,000 after purchasing an additional 6,437 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 4.0 %

Shares of NEE stock traded down $2.83 during trading hours on Friday, reaching $67.83. The company had a trading volume of 5,532,146 shares, compared to its average volume of 6,557,229. The company has a market cap of $139.49 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The business has a fifty day simple moving average of $74.43 and a 200-day simple moving average of $77.31. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.04%. NextEra Energy’s dividend payout ratio (DPR) 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.