Burford Brothers Inc. Has $944,000 Position in NextEra Energy, Inc. $NEE

Burford Brothers Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 37.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,501 shares of the utilities provider’s stock after selling 7,480 shares during the period. Burford Brothers Inc.’s holdings in NextEra Energy were worth $944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Texas Bank & Trust Co boosted its stake in shares of NextEra Energy by 41.8% during the 3rd quarter. Texas Bank & Trust Co now owns 11,232 shares of the utilities provider’s stock valued at $848,000 after buying an additional 3,310 shares during the period. Castellan Group increased its stake in shares of NextEra Energy by 2.9% in the third quarter. Castellan Group now owns 48,186 shares of the utilities provider’s stock worth $3,638,000 after acquiring an additional 1,380 shares during the last quarter. CX Institutional raised its holdings in shares of NextEra Energy by 102.4% during the third quarter. CX Institutional now owns 25,672 shares of the utilities provider’s stock worth $1,938,000 after acquiring an additional 12,986 shares in the last quarter. Strategic Blueprint LLC boosted its position in NextEra Energy by 38.1% during the third quarter. Strategic Blueprint LLC now owns 11,070 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 3,056 shares during the last quarter. Finally, Childress Capital Advisors LLC grew its stake in NextEra Energy by 54.2% in the third quarter. Childress Capital Advisors LLC now owns 8,849 shares of the utilities provider’s stock valued at $668,000 after purchasing an additional 3,112 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. TD Cowen began coverage on NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $89.00 target price (down from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Mizuho boosted their target price on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Morgan Stanley cut their price target on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.72.

Insiders Place Their Bets

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’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 completion of the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Down 3.2%

Shares of NEE stock opened at $78.43 on Thursday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a market cap of $163.35 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74. 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 business’s 50 day moving average is $82.41 and its two-hundred day moving average is $77.72.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s payout ratio is currently 71.97%.

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.