Abner Herrman & Brock LLC Has $14.52 Million Holdings in NextEra Energy Inc (NYSE:NEE)

Abner Herrman & Brock LLC lessened its stake in NextEra Energy Inc (NYSE:NEE) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,312 shares of the utilities provider’s stock after selling 2,889 shares during the quarter. NextEra Energy comprises approximately 2.1% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 21st biggest holding. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $14,518,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of NextEra Energy by 1.9% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,582 shares of the utilities provider’s stock worth $2,931,000 after buying an additional 240 shares during the period. Community Trust & Investment Co. grew its position in shares of NextEra Energy by 7.7% during the 3rd quarter. Community Trust & Investment Co. now owns 1,153 shares of the utilities provider’s stock worth $269,000 after buying an additional 82 shares during the period. First PREMIER Bank acquired a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $33,000. Truvestments Capital LLC grew its position in shares of NextEra Energy by 8.5% during the 3rd quarter. Truvestments Capital LLC now owns 12,127 shares of the utilities provider’s stock worth $2,826,000 after buying an additional 949 shares during the period. Finally, Cypress Capital Group grew its position in shares of NextEra Energy by 1.8% during the 3rd quarter. Cypress Capital Group now owns 7,182 shares of the utilities provider’s stock worth $1,673,000 after buying an additional 128 shares during the period. Institutional investors own 76.09% of the company’s stock.

NYSE NEE traded down $2.02 during trading on Friday, reaching $229.98. 97,304 shares of the stock traded hands, compared to its average volume of 2,084,687. The firm has a market cap of $110.18 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 3.43 and a beta of 0.18. The stock’s 50-day moving average price is $224.84 and its 200 day moving average price is $207.46. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. NextEra Energy Inc has a fifty-two week low of $164.78 and a fifty-two week high of $234.27.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 earnings per share. Analysts anticipate that NextEra Energy Inc will post 8.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, August 28th. NextEra Energy’s dividend payout ratio is currently 64.94%.

In other NextEra Energy news, Treasurer Paul I. Cutler sold 23,750 shares of NextEra Energy stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $223.59, for a total value of $5,310,262.50. Following the transaction, the treasurer now owns 93,462 shares of the company’s stock, valued at $20,897,168.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James L. Robo sold 44,537 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,576 shares of company stock worth $21,514,886. Insiders own 0.48% of the company’s stock.

Several equities research analysts have recently commented on the stock. Bank of America lifted their price target on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Guggenheim lifted their price target on shares of NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group lifted their price target on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Barclays cut shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a research report on Tuesday, August 13th. Finally, Morgan Stanley set a $233.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy has an average rating of “Buy” and an average target price of $219.85.

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.

Recommended Story: What are gap-up stocks?

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.