Richard Bernstein Advisors LLC Decreases Stake in NextEra Energy, Inc. (NYSE:NEE)

Richard Bernstein Advisors LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,570 shares of the utilities provider’s stock after selling 11,524 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in NextEra Energy were worth $6,423,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sageworth Trust Co lifted its position in shares of NextEra Energy by 1,794.1% during the 1st quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after buying an additional 305 shares during the last quarter. Alaska Permanent Fund Corp purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $26,000. Magellan Asset Management Ltd purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $32,000. Tower View Wealth Management LLC purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $35,000. Finally, Mizuho Securities Co. Ltd. lifted its position in shares of NextEra Energy by 444.4% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 490 shares of the utilities provider’s stock worth $36,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NEE. TheStreet downgraded shares of NextEra Energy from a “b-” rating to a “c+” rating in a research report on Monday, October 2nd. Evercore ISI reduced their price target on shares of NextEra Energy from $80.00 to $66.00 and set an “in-line” rating for the company in a research report on Friday, October 20th. Seaport Res Ptn downgraded shares of NextEra Energy from a “neutral” rating to a “sell” rating in a research report on Thursday, November 9th. Mizuho reduced their price target on shares of NextEra Energy from $91.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, September 28th. Finally, Royal Bank of Canada dropped their price objective on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $74.08.

Insider Activity at NextEra Energy

In other NextEra Energy news, major shareholder Nextera Energy Inc acquired 3,097,524 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were purchased at an average cost of $24.21 per share, with a total value of $74,991,056.04. Following the purchase, the insider now owns 4,097,524 shares in the company, valued at $99,201,056.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE:NEE remained flat at $57.34 on Tuesday. 1,717,389 shares of the stock were exchanged, compared to its average volume of 9,989,862. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $88.61. The company has a market capitalization of $117.65 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. The stock’s fifty day simple moving average is $57.96 and its 200-day simple moving average is $67.19.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.08. NextEra Energy had a net margin of 27.82% and a return on equity of 12.15%. The business had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.12 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.4675 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.87 dividend on an annualized basis and a yield of 3.26%. NextEra Energy’s payout ratio is 49.47%.

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, coal, and natural gas facilities. 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.