Nisa Investment Advisors LLC Lowers Position in NextEra Energy, Inc. $NEE

Nisa Investment Advisors LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 286,419 shares of the utilities provider’s stock after selling 28,772 shares during the period. Nisa Investment Advisors LLC’s holdings in NextEra Energy were worth $21,622,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NEE. Activest Wealth Management grew its stake in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy during the 2nd quarter valued at $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter worth about $25,000. Finally, Quaker Wealth Management LLC increased its stake in shares of NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $79.92 on Friday. The firm has a market cap of $166.43 billion, a P/E ratio of 25.45, a PEG ratio of 2.46 and a beta of 0.74. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average of $82.33 and a 200 day moving average of $77.80.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were given a $0.5665 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s payout ratio is 72.29%.

Wall Street Analyst Weigh In

NEE has been the topic of several research reports. HSBC boosted their price objective on shares of NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Jefferies Financial Group reissued a “hold” rating and issued a $88.00 price target (up from $85.00) on shares of NextEra Energy in a research report on Wednesday, December 31st. UBS Group set a $91.00 price target on NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Mizuho lifted their price objective on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Morgan Stanley dropped their target price on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.72.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.