Legend Financial Advisors Inc. Has $247,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Legend Financial Advisors Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 11.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,449 shares of the utilities provider’s stock after selling 448 shares during the period. Legend Financial Advisors Inc.’s holdings in NextEra Energy were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Norway Savings Bank increased its stake in NextEra Energy by 5.3% in the fourth quarter. Norway Savings Bank now owns 23,041 shares of the utilities provider’s stock valued at $1,652,000 after purchasing an additional 1,162 shares in the last quarter. Bath Savings Trust Co grew its position in NextEra Energy by 1.0% in the 4th quarter. Bath Savings Trust Co now owns 270,660 shares of the utilities provider’s stock worth $19,404,000 after purchasing an additional 2,549 shares in the last quarter. Diversified Trust Co increased its position in shares of NextEra Energy by 5.4% during the fourth quarter. Diversified Trust Co now owns 32,454 shares of the utilities provider’s stock valued at $2,327,000 after acquiring an additional 1,652 shares during the last quarter. Bangor Savings Bank boosted its holdings in shares of NextEra Energy by 2.1% in the 4th quarter. Bangor Savings Bank now owns 9,130 shares of the utilities provider’s stock worth $655,000 after buying an additional 187 shares during the last quarter. Finally, Advance Capital Management Inc. grew its position in shares of NextEra Energy by 2.4% during the 4th quarter. Advance Capital Management Inc. now owns 8,135 shares of the utilities provider’s stock valued at $583,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets upped their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Finally, 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. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 1.2 %

NYSE NEE traded down $0.83 on Tuesday, hitting $70.41. 8,974,489 shares of the stock traded hands, compared to its average volume of 6,604,792. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average of $74.96 and a 200 day moving average of $77.42. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a market capitalization of $144.79 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.93%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

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,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.