Burford Brothers Inc. Sells 7,480 Shares of NextEra Energy, Inc. $NEE

Burford Brothers Inc. cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 37.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.

Several other institutional investors have also bought and sold shares of NEE. Activest Wealth Management boosted its stake in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in NextEra Energy during the 2nd quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy in the second quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy during the third quarter worth about $25,000. Finally, Quaker Wealth Management LLC increased its holdings in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $78.43 on Thursday. The stock has a market capitalization of $163.35 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.51 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The business has a 50-day moving average price of $82.41 and a two-hundred day moving average price of $77.72.

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

NextEra Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on NEE. BMO Capital Markets reissued an “outperform” rating and issued a $89.00 target price (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Cowen assumed coverage on NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Wolfe Research increased their target price on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, BTIG Research reiterated a “buy” rating and set a $100.00 price target on shares of NextEra Energy in a research report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $91.72.

Insider Activity

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

NextEra Energy 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.