B. Riley Wealth Advisors Inc. Sells 17,765 Shares of NextEra Energy, Inc. (NYSE:NEE)

B. Riley Wealth Advisors Inc. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,244 shares of the utilities provider’s stock after selling 17,765 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in NextEra Energy were worth $13,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BCK Partners Inc. boosted its stake in NextEra Energy by 3.8% during the second quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 135 shares in the last quarter. Renasant Bank boosted its position in shares of NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after purchasing an additional 142 shares in the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of NextEra Energy by 1.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after buying an additional 143 shares during the period. Proffitt & Goodson Inc. increased its position in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its stake in NextEra Energy by 1.0% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock worth $1,076,000 after buying an additional 146 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research note on Wednesday, June 12th. Bank of America raised 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. BMO Capital Markets boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.07.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $84.54 on Monday. The business’s fifty day simple moving average is $79.62 and its 200 day simple moving average is $73.39. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $85.56. The firm has a market capitalization of $173.69 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. NextEra Energy’s payout ratio is currently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

About NextEra Energy

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.