Great Lakes Advisors LLC Sells 13,294 Shares of NextEra Energy, Inc. (NYSE:NEE)

Great Lakes Advisors LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,507 shares of the utilities provider’s stock after selling 13,294 shares during the quarter. Great Lakes Advisors LLC’s holdings in NextEra Energy were worth $48,187,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. BCK Partners Inc. grew its holdings in NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 135 shares during the last quarter. Renasant Bank raised its position in NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after purchasing an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after buying an additional 143 shares in the last quarter. Proffitt & Goodson Inc. boosted its position in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of NextEra Energy by 1.0% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock valued at $1,076,000 after buying an additional 146 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $81.50.

NextEra Energy Stock Down 0.4 %

Shares of NEE stock traded down $0.35 on Friday, hitting $79.98. 8,181,470 shares of the stock were exchanged, compared to its average volume of 11,005,735. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $164.32 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $82.14. The business has a 50-day moving average of $76.13 and a 200 day moving average of $70.30.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the business earned $0.88 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.58%. NextEra Energy’s dividend payout ratio is 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.