Bridge Creek Capital Management LLC Has $8.05 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Bridge Creek Capital Management LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,194 shares of the utilities provider’s stock after selling 345 shares during the quarter. NextEra Energy makes up 2.4% of Bridge Creek Capital Management LLC’s holdings, making the stock its 6th largest holding. Bridge Creek Capital Management LLC’s holdings in NextEra Energy were worth $8,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Sycomore Asset Management grew its holdings in shares of NextEra Energy by 0.3% during the second quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after buying an additional 131 shares during the last quarter. BCK Partners Inc. lifted its position in NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 135 shares during the period. Renasant Bank grew its stake in NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC increased its holdings in shares of NextEra Energy by 1.8% in the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 143 shares during the period. Finally, Proffitt & Goodson Inc. raised its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 1.5 %

NEE opened at $81.50 on Tuesday. The company has a market cap of $167.44 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a twelve month low of $48.38 and a twelve month high of $86.10. The company has a 50-day moving average price of $80.74 and a 200 day moving average price of $74.24. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.53%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Royal Bank of Canada raised their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Finally, Barclays boosted their price objective on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.07.

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,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.