NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,785 shares of the utilities provider’s stock after selling 6,314 shares during the period. Amalgamated Bank’s holdings in NextEra Energy were worth $34,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. GSA Capital Partners LLP boosted its holdings in NextEra Energy by 228.9% during the first quarter. GSA Capital Partners LLP now owns 23,113 shares of the utilities provider’s stock worth $1,477,000 after buying an additional 16,085 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of NextEra Energy by 7.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 19,087 shares of the utilities provider’s stock valued at $1,220,000 after purchasing an additional 1,278 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of NextEra Energy by 47.6% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 16,762 shares of the utilities provider’s stock valued at $1,071,000 after acquiring an additional 5,404 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of NextEra Energy by 34.1% during the first quarter. Larson Financial Group LLC now owns 1,330 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 338 shares during the period. Finally, TFB Advisors LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth approximately $272,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $78.37 on Tuesday. The company has a market capitalization of $161.16 billion, a PE ratio of 23.19, a PEG ratio of 2.79 and a beta of 0.57. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock’s 50 day moving average price is $82.34 and its 200-day moving average price is $76.97.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.63%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NEE shares. Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.54.

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.