Lake Street Private Wealth LLC Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Lake Street Private Wealth LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 45.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,632 shares of the utilities provider’s stock after selling 3,843 shares during the quarter. Lake Street Private Wealth LLC’s holdings in NextEra Energy were worth $392,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in shares of NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after acquiring an additional 143,748 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after purchasing an additional 691,341 shares during the last quarter. Nordea Investment Management AB lifted its holdings in NextEra Energy by 22.3% in the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after purchasing an additional 1,268,900 shares in the last quarter. Raymond James & Associates boosted its stake in shares of NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after purchasing an additional 851,873 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of NextEra Energy by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after buying an additional 409,708 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NEE shares. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays raised their price target on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Bank of America upped their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price of $85.46.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.5 %

Shares of NEE stock opened at $84.96 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a fifty-two week low of $53.11 and a fifty-two week high of $86.10. The firm’s 50 day moving average price is $82.19 and its two-hundred day moving average price is $75.96. The stock has a market cap of $174.55 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the business posted $0.88 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 2.42%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.