Fulton Breakefield Broenniman LLC Reduces Stock Holdings in NextEra Energy, Inc. $NEE

Fulton Breakefield Broenniman LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 22.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 288,148 shares of the utilities provider’s stock after selling 84,489 shares during the quarter. NextEra Energy accounts for about 1.4% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 20th largest holding. Fulton Breakefield Broenniman LLC’s holdings in NextEra Energy were worth $21,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Activest Wealth Management raised its position in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $25,000. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the 1st quarter valued at approximately $26,000. Finally, Quaker Wealth Management LLC grew its stake in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% 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. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 0.0%

NEE opened at $80.48 on Friday. The business’s fifty day simple moving average is $82.96 and its 200 day simple moving average is $77.27. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm has a market cap of $167.62 billion, a P/E ratio of 25.63, a PEG ratio of 2.70 and a beta of 0.74. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is 71.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEE. BTIG Research reiterated a “buy” rating and issued a $100.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 9th. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. UBS Group set a $91.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, December 17th. Wolfe Research lifted their target price on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Finally, TD Cowen initiated coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.