Weaver C. Barksdale & Associates Inc. Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

Weaver C. Barksdale & Associates Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,351 shares of the utilities provider’s stock after selling 517 shares during the period. NextEra Energy makes up approximately 2.0% of Weaver C. Barksdale & Associates Inc.’s portfolio, making the stock its 12th biggest holding. Weaver C. Barksdale & Associates Inc.’s holdings in NextEra Energy were worth $2,149,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NEE. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Clear Investment Research LLC boosted its stake in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the last quarter. American Capital Advisory LLC grew its stake in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy in the 2nd quarter worth approximately $33,000. Finally, Neo Ivy Capital Management bought a new stake in NextEra Energy during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 2.4 %

Shares of NYSE NEE opened at $82.29 on Friday. The stock has a 50-day moving average price of $78.20 and a two-hundred day moving average price of $72.02. The company has a market cap of $169.07 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $85.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released its quarterly 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 firm had revenue of $6.07 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $0.88 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is presently 56.13%.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NEE shares. Royal Bank of Canada boosted their price target on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. Wells Fargo & Company upped their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Evercore ISI boosted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.87.

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.