Sava Infond d.o.o. Sells 1,350 Shares of NextEra Energy, Inc. $NEE

Sava Infond d.o.o. reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 5.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,270 shares of the utilities provider’s stock after selling 1,350 shares during the period. Sava Infond d.o.o.’s holdings in NextEra Energy were worth $1,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its position in shares of NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares during the last quarter. Tradition Wealth Management LLC boosted its position in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 143 shares during the last quarter. Eagle Wealth Strategies LLC boosted its position in NextEra Energy by 1.4% in the second quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock worth $774,000 after purchasing an additional 149 shares during the last quarter. Finally, XML Financial LLC boosted its position in NextEra Energy by 1.0% in the second quarter. XML Financial LLC now owns 16,447 shares of the utilities provider’s stock worth $1,142,000 after purchasing an additional 158 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 2.5%

NEE opened at $80.12 on Friday. The firm has a market cap of $164.98 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 2.69 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The stock has a fifty day moving average price of $72.99 and a 200-day moving average price of $71.28.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NEE shares. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. BMO Capital Markets increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,369 shares of company stock valued at $1,539,610 over the last three months. Company insiders own 0.20% of the company’s stock.

About NextEra Energy

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.