NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Neumann Capital Management LLC

Neumann Capital Management LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,034 shares of the utilities provider’s stock after acquiring an additional 200 shares during the quarter. Neumann Capital Management LLC’s holdings in NextEra Energy were worth $426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NEE. Orion Portfolio Solutions LLC grew its position in NextEra Energy by 34.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 115,131 shares of the utilities provider’s stock valued at $7,358,000 after buying an additional 29,189 shares in the last quarter. Trillium Asset Management LLC boosted its holdings in shares of NextEra Energy by 633.5% in the first quarter. Trillium Asset Management LLC now owns 49,671 shares of the utilities provider’s stock valued at $3,174,000 after acquiring an additional 42,899 shares in the last quarter. Brighton Jones LLC increased its stake in shares of NextEra Energy by 5.8% during the first quarter. Brighton Jones LLC now owns 29,849 shares of the utilities provider’s stock valued at $1,908,000 after acquiring an additional 1,627 shares during the period. Banco Santander S.A. raised its holdings in NextEra Energy by 20.4% during the first quarter. Banco Santander S.A. now owns 27,884 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 4,716 shares in the last quarter. Finally, M&G Plc acquired a new stake in NextEra Energy in the first quarter worth approximately $303,065,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $75.28 on Friday. The firm has a market capitalization of $154.81 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. 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 company has a 50 day simple moving average of $81.70 and a 200-day simple moving average of $77.36. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week 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, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the company posted $0.94 EPS. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NEE shares. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Scotiabank raised their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group assumed 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. Finally, Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $86.54.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the 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 in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

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.