Ropes Wealth Advisors LLC Cuts Stake in NextEra Energy Inc (NEE)

Ropes Wealth Advisors LLC lowered its stake in shares of NextEra Energy Inc (NYSE:NEE) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,984 shares of the utilities provider’s stock after selling 1,303 shares during the period. NextEra Energy comprises 1.2% of Ropes Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Ropes Wealth Advisors LLC’s holdings in NextEra Energy were worth $5,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake in NextEra Energy by 323.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 495 shares in the last quarter. Braun Bostich & Associates Inc. grew its stake in NextEra Energy by 492.5% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 719 shares in the last quarter. Howe & Rusling Inc. grew its stake in NextEra Energy by 70.5% during the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 373 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in NextEra Energy during the 2nd quarter valued at about $167,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in NextEra Energy during the 3rd quarter valued at about $168,000. 76.47% of the stock is owned by institutional investors.

NextEra Energy stock opened at $173.55 on Wednesday. NextEra Energy Inc has a 1-year low of $145.10 and a 1-year high of $176.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. The company has a market capitalization of $81.20 billion, a PE ratio of 25.90, a PEG ratio of 2.66 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the prior year, the company posted $1.85 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a $1.11 dividend. The ex-dividend date is Thursday, November 29th. This represents a $4.44 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio is currently 66.27%.

In other news, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total value of $2,922,470.00. Following the transaction, the chief executive officer now directly owns 42,898 shares in the company, valued at approximately $7,374,595.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the completion of the transaction, the chief executive officer now owns 64,169 shares in the company, valued at $10,971,615.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,024 shares of company stock worth $12,742,375. Company insiders own 0.55% of the company’s stock.

Several analysts recently issued reports on NEE shares. Morgan Stanley dropped their price objective on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Mizuho started coverage on shares of NextEra Energy in a research note on Monday, August 13th. They set a “buy” rating and a $184.00 price objective for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a research note on Wednesday, August 8th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Barclays initiated coverage on shares of NextEra Energy in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $171.00.

NextEra Energy Company 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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