Thurston Springer Miller Herd & Titak Inc. Has $334,000 Stake in NextEra Energy, Inc. $NEE

Thurston Springer Miller Herd & Titak Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 91.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,429 shares of the utilities provider’s stock after selling 49,698 shares during the quarter. NextEra Energy makes up approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 26th biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in NextEra Energy were worth $334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northside Capital Management LLC raised its position in shares of NextEra Energy by 12.4% during the third quarter. Northside Capital Management LLC now owns 322,118 shares of the utilities provider’s stock worth $24,317,000 after acquiring an additional 35,537 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after acquiring an additional 3,755,563 shares during the last quarter. Quintet Private Bank Europe S.A. increased its position in NextEra Energy by 29.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 86,300 shares of the utilities provider’s stock valued at $6,515,000 after purchasing an additional 19,406 shares during the period. Steph & Co. raised its holdings in NextEra Energy by 12.6% during the 3rd quarter. Steph & Co. now owns 1,379 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 154 shares during the last quarter. Finally, Gradient Investments LLC lifted its position in shares of NextEra Energy by 4.1% in the 3rd quarter. Gradient Investments LLC now owns 442,446 shares of the utilities provider’s stock worth $33,400,000 after purchasing an additional 17,248 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Wolfe Research lifted their price objective on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.72.

Insider Activity

In related 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 value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 157,322 shares of company stock valued at $13,148,943 in the last three months. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $81.36 on Wednesday. The stock has a market cap of $169.44 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.74 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 company’s 50 day moving average price is $83.63 and its two-hundred day moving average price is $76.84. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were given a $0.5665 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is currently 72.29%.

NextEra Energy 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.