Nisa Investment Advisors LLC Reduces Stake in NextEra Energy, Inc. $NEE

Nisa Investment Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 286,419 shares of the utilities provider’s stock after selling 28,772 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NextEra Energy were worth $21,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $25,000. Activest Wealth Management lifted its stake in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy in the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy in the second quarter worth approximately $25,000. Finally, Quaker Wealth Management LLC grew its position in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $79.92 on Friday. The stock has a 50-day moving average price of $82.33 and a 200 day moving average price of $77.80. The stock has a market capitalization of $166.43 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.46 and a beta of 0.74. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s payout ratio is currently 72.29%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group set a $91.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Mizuho raised their target price on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. TD Cowen started coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of NextEra Energy in a report on Tuesday, December 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $88.00 price objective (up previously from $85.00) on shares of NextEra Energy in a research note on Wednesday, December 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.72.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.