Janney Capital Management LLC Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Janney Capital Management LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 41,801 shares of the utilities provider’s stock after selling 367 shares during the quarter. Janney Capital Management LLC’s holdings in NextEra Energy were worth $3,534,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NEE. Norden Group LLC bought a new stake in shares of NextEra Energy in the 1st quarter worth approximately $1,518,000. Diversify Advisory Services LLC bought a new stake in shares of NextEra Energy in the first quarter valued at $568,000. Choreo LLC lifted its position in shares of NextEra Energy by 7.8% during the 1st quarter. Choreo LLC now owns 35,386 shares of the utilities provider’s stock valued at $2,261,000 after buying an additional 2,549 shares during the last quarter. Bryn Mawr Capital Management LLC grew its stake in shares of NextEra Energy by 1.2% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 43,148 shares of the utilities provider’s stock worth $2,758,000 after acquiring an additional 519 shares during the period. Finally, Lincoln National Corp increased its holdings in NextEra Energy by 7.8% in the 1st quarter. Lincoln National Corp now owns 57,318 shares of the utilities provider’s stock worth $3,663,000 after acquiring an additional 4,142 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $77.35 on Friday. The company has a fifty day moving average of $82.39 and a 200-day moving average of $76.77. NextEra Energy, Inc. has a 52-week low of $53.81 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market capitalization of $159.06 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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 yield of 2.66%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NEE shares. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America lifted 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. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Finally, Morgan Stanley lifted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Company 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.