NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 50.7% in the third quarter, Holdings Channel reports. The fund owned 3,247 shares of the utilities provider’s stock after selling 3,341 shares during the period. Creative Financial Designs Inc. ADV’s holdings in NextEra Energy were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Proffitt & Goodson Inc. grew its holdings in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley increased their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Stock Down 2.4 %

Shares of NYSE NEE opened at $77.35 on Monday. The stock has a market cap of $159.06 billion, a P/E ratio of 22.88, a PEG ratio of 2.86 and a beta of 0.57. The business’s fifty day simple moving average is $82.39 and its 200-day simple moving average is $76.87. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company earned $0.94 EPS. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS 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. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 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.