NextEra Energy, Inc. (NYSE:NEE) Position Trimmed by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,449 shares of the utilities provider’s stock after selling 894 shares during the quarter. Hexagon Capital Partners LLC’s holdings in NextEra Energy were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Saxon Interests Inc. acquired a new stake in NextEra Energy in the third quarter worth about $303,000. First PREMIER Bank boosted its stake in shares of NextEra Energy by 86.4% during the 3rd quarter. First PREMIER Bank now owns 1,540 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 714 shares in the last quarter. Howard Financial Services LTD. purchased a new position in NextEra Energy in the 3rd quarter worth about $266,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of NextEra Energy by 8.0% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 11,730 shares of the utilities provider’s stock worth $992,000 after acquiring an additional 872 shares in the last quarter. Finally, Hoxton Planning & Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth approximately $398,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 0.1 %

Shares of NEE stock opened at $80.57 on Thursday. The company has a market capitalization of $165.53 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.08 and a beta of 0.56. 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 stock’s 50 day simple moving average is $80.98 and its 200 day simple moving average is $74.51. NextEra Energy, Inc. has a twelve month low of $49.52 and a twelve month high of $86.10.

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 company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the firm posted $0.88 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.56%. NextEra Energy’s payout ratio is presently 56.13%.

Analyst Ratings Changes

NEE has been the subject of several research analyst reports. Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley raised their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Barclays boosted their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $83.07.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

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.