First Foundation Advisors Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

First Foundation Advisors lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,168 shares of the utilities provider’s stock after selling 7,878 shares during the quarter. First Foundation Advisors’ holdings in NextEra Energy were worth $7,943,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NEE. International Assets Investment Management LLC lifted its stake in shares of NextEra Energy by 33.3% in the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock worth $2,173,000 after acquiring an additional 8,949 shares during the period. Aveo Capital Partners LLC raised its holdings in NextEra Energy by 17.7% during the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 1,206 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in NextEra Energy by 49.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after purchasing an additional 4,046 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in NextEra Energy by 56.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 20,027 shares of the utilities provider’s stock valued at $1,216,000 after purchasing an additional 7,247 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in NextEra Energy by 25.4% in the 4th quarter. QRG Capital Management Inc. now owns 156,984 shares of the utilities provider’s stock valued at $9,535,000 after purchasing an additional 31,818 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $79.98 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The business’s fifty day moving average price is $76.13 and its two-hundred day moving average price is $70.49. The stock has a market cap of $164.39 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.90 and a beta of 0.56. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $82.14.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for 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 period in the prior year, the business earned $0.88 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.58%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NEE shares. Wells Fargo & Company raised their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Citigroup raised their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley increased their price target on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Barclays raised their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.50.

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.