Brown Lisle Cummings Inc. Has $1.29 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Brown Lisle Cummings Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,299 shares of the utilities provider’s stock after selling 200 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in NextEra Energy were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Steph & Co. lifted its position in shares of NextEra Energy by 17.3% during the first quarter. Steph & Co. now owns 1,228 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 181 shares in the last quarter. Traynor Capital Management Inc. lifted its stake in shares of NextEra Energy by 33.9% during the first quarter. Traynor Capital Management Inc. now owns 4,490 shares of the utilities provider’s stock valued at $287,000 after acquiring an additional 1,138 shares during the period. Global Assets Advisory LLC bought a new position in NextEra Energy in the first quarter valued at about $27,209,000. Allen Mooney & Barnes Investment Advisors LLC increased its position in NextEra Energy by 13.9% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 12,810 shares of the utilities provider’s stock worth $819,000 after purchasing an additional 1,560 shares during the period. Finally, Strategic Planning Group LLC raised its holdings in NextEra Energy by 23.1% during the 1st quarter. Strategic Planning Group LLC now owns 42,108 shares of the utilities provider’s stock worth $2,691,000 after purchasing an additional 7,893 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Barclays lifted their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Finally, Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.46.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NEE opened at $84.38 on Monday. The company has a market capitalization of $173.36 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.92 and a beta of 0.56. The business’s 50-day moving average price is $81.81 and its two-hundred day moving average price is $75.61. NextEra Energy, Inc. has a 1 year low of $50.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the prior year, the firm posted $0.88 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 dividend yield of 2.44%. NextEra Energy’s payout ratio is 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.