NextEra Energy, Inc. $NEE Stock Sold by Carmel Capital Partners LLC

Carmel Capital Partners LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,002 shares of the utilities provider’s stock after selling 6,297 shares during the quarter. Carmel Capital Partners LLC’s holdings in NextEra Energy were worth $2,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NEE. Pin Oak Investment Advisors Inc. acquired a new position in shares of NextEra Energy in the 2nd quarter valued at about $26,000. Kilter Group LLC acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $26,000. Axiom Investment Management LLC acquired a new position in NextEra Energy in the 1st quarter valued at approximately $32,000. Finally, Financial Network Wealth Advisors LLC lifted its position in NextEra Energy by 83.0% in the 2nd quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock worth $30,000 after buying an additional 156 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.5%

NYSE NEE traded down $1.33 during trading on Friday, hitting $86.92. 11,876,626 shares of the company traded hands, compared to its average volume of 11,813,902. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The business has a fifty day simple moving average of $80.50 and a 200 day simple moving average of $87.27. The company has a market capitalization of $182.30 billion, a P/E ratio of 15.66, a PEG ratio of 2.63 and a beta of 0.60. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The business had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s payout ratio is presently 44.86%.

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Clean-energy stocks rallied after Democrats won control of Congress, and the article says NextEra captured the rally. Its battery development and ability to supply power to data centers may help it benefit from rising electricity demand. NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
• Positive Sentiment: A Virginia Chamber of Commerce-commissioned study says the proposed Dominion merger could bring thousands of jobs to Virginia, adding an economic-benefit argument in support of the deal. Virginia Chamber of Commerce promotes study touting Dominion merger benefits
• Neutral Sentiment: NextEra said senior management will participate in the EEI Financial Conference Nov. 8–10. The announcement does not identify new financial guidance or a specific business update. NextEra Energy to participate in EEI Financial Conference
• Neutral Sentiment: Another report describes the Virginia merger review as advancing with safeguards, but the available headline does not detail the terms or indicate whether approval is assured. NextEra Energy stock gains safeguards as Virginia merger review advances
• Negative Sentiment: Faith leaders and community advocates urged Virginia regulators to reject NextEra’s proposed $67 billion acquisition of Dominion, highlighting opposition and continued regulatory risk around the transaction. Faith Leaders Urge SCC to Reject Dominion-NextEra Merger

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NEE shares. Barclays dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, October 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a research note on Wednesday, October 21st. Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 22nd. BTIG Research set a $106.00 price target on NextEra Energy in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.80.

About NextEra Energy

NextEra Energy, Inc is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida.

NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

The company traces its roots to 1925, when Florida Power & Light was established.