Lake Street Advisors Group LLC Has $2.19 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Lake Street Advisors Group LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,949 shares of the utilities provider’s stock after selling 213 shares during the quarter. Lake Street Advisors Group LLC’s holdings in NextEra Energy were worth $2,193,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brookstone Capital Management lifted its holdings in NextEra Energy by 19.8% during the 1st quarter. Brookstone Capital Management now owns 71,152 shares of the utilities provider’s stock worth $4,547,000 after purchasing an additional 11,777 shares in the last quarter. DGS Capital Management LLC bought a new position in NextEra Energy during the 1st quarter worth approximately $213,000. Wealthcare Advisory Partners LLC grew its position in NextEra Energy by 23.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider’s stock worth $1,475,000 after acquiring an additional 4,401 shares during the last quarter. Thrive Wealth Management LLC grew its position in NextEra Energy by 11.6% during the 1st quarter. Thrive Wealth Management LLC now owns 5,914 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 617 shares during the last quarter. Finally, Capital Asset Advisory Services LLC grew its position in shares of NextEra Energy by 22.0% in the 1st quarter. Capital Asset Advisory Services LLC now owns 27,716 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 4,989 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NYSE NEE traded down $0.14 during trading on Friday, hitting $82.67. 1,328,488 shares of the stock traded hands, compared to its average volume of 10,708,129. The firm has a 50-day simple moving average of $82.19 and a 200-day simple moving average of $75.96. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The company has a market capitalization of $169.85 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. 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 posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.49%. NextEra Energy’s payout ratio is currently 56.13%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the 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 in the company, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NEE. Barclays lifted their price target on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley upped their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Citigroup upped their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $86.38.

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.