Benedict Financial Advisors Inc. Has $1.52 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Benedict Financial Advisors Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,026 shares of the utilities provider’s stock after selling 418 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in NextEra Energy were worth $1,524,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC grew its position in shares of 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 buying an additional 4,401 shares during the period. Astoria Portfolio Advisors LLC. lifted its position in shares of NextEra Energy by 4.4% during the first quarter. Astoria Portfolio Advisors LLC. now owns 4,718 shares of the utilities provider’s stock worth $296,000 after acquiring an additional 200 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in NextEra Energy by 625.9% in the 1st quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 701 shares during the period. Alpha Omega Wealth Management LLC grew its stake in NextEra Energy by 13.2% during the first quarter. Alpha Omega Wealth Management LLC now owns 8,227 shares of the utilities provider’s stock valued at $526,000 after acquiring an additional 960 shares in the last quarter. Finally, Vicus Capital grew its position in shares of NextEra Energy by 57.1% during the 1st quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 2,381 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.7 %

NEE stock traded down $1.38 during midday trading on Friday, reaching $81.43. 6,581,101 shares of the company were exchanged, compared to its average volume of 10,733,501. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The company has a market cap of $167.30 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The stock’s 50-day simple moving average is $82.36 and its 200 day simple moving average is $76.12.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share 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 company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the business posted $0.94 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction 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 completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NEE shares. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.54.

NextEra Energy 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.