Abner Herrman & Brock LLC lowered its stake in NextEra Energy Inc. (NYSE:NEE) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,533 shares of the company’s stock after selling 2,194 shares during the period. NextEra Energy accounts for about 2.0% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 19th largest position. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $8,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock valued at $107,000 after buying an additional 579 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. James Investment Research Inc. increased its stake in shares of NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the company’s stock valued at $131,000 after buying an additional 344 shares during the period. Blue Chip Partners Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $140,000. Finally, Jackson Grant Investment Advisers Inc. increased its stake in shares of NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock valued at $141,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 72.53% of the company’s stock.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

NextEra Energy Inc. (NYSE:NEE) traded up 1.34% during midday trading on Monday, hitting $116.30. The stock had a trading volume of 4,633,116 shares. NextEra Energy Inc. has a 52 week low of $96.19 and a 52 week high of $131.98. The firm has a market cap of $54.34 billion, a price-to-earnings ratio of 21.98 and a beta of 0.26. The firm has a 50 day moving average of $121.01 and a 200 day moving average of $123.60.

NextEra Energy (NYSE:NEE) last announced its earnings results on Monday, October 31st. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.07. The company earned $4.81 billion during the quarter, compared to the consensus estimate of $4.87 billion. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. During the same quarter in the prior year, the company earned $1.60 earnings per share. Equities research analysts predict that NextEra Energy Inc. will post $6.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be paid a $0.87 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $3.48 annualized dividend and a yield of 3.03%. NextEra Energy’s payout ratio is 66.29%.

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Several analysts have recently commented on NEE shares. Morgan Stanley reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, August 1st. Mizuho reissued a “buy” rating and issued a $138.00 price target on shares of NextEra Energy in a research report on Tuesday, August 30th. Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a research report on Friday, September 23rd. Bank of America Corp. reissued a “buy” rating and issued a $149.00 price target on shares of NextEra Energy in a research report on Tuesday, September 27th. Finally, Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Tuesday, November 22nd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $129.08.

In other news, CEO Armando Pimentel, Jr. sold 5,022 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $123.70, for a total value of $621,221.40. Following the sale, the chief executive officer now directly owns 72,165 shares of the company’s stock, valued at $8,926,810.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane bought 1,000 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average cost of $122.90 per share, for a total transaction of $122,900.00. The disclosure for this purchase can be found here. 0.66% of the stock is owned by corporate insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

5 Day Chart for NYSE:NEE

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