NextEra Energy, Inc. $NEE Shares Sold by SPC Financial Inc.

SPC Financial Inc. cut its position in NextEra Energy, Inc. (NYSE:NEE) by 6.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 12,437 shares of the utilities provider’s stock after selling 855 shares during the period. SPC Financial Inc.’s holdings in NextEra Energy were worth $863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advocate Group LLC boosted its holdings in NextEra Energy by 1.9% in the second quarter. Advocate Group LLC now owns 56,632 shares of the utilities provider’s stock valued at $3,931,000 after purchasing an additional 1,044 shares during the period. OFI Invest Asset Management boosted its holdings in NextEra Energy by 45.8% in the second quarter. OFI Invest Asset Management now owns 933,624 shares of the utilities provider’s stock valued at $64,812,000 after purchasing an additional 293,376 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in NextEra Energy by 21.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 291,126 shares of the utilities provider’s stock valued at $20,268,000 after purchasing an additional 51,453 shares during the period. Sovereign Financial Group Inc. boosted its holdings in NextEra Energy by 3.5% in the second quarter. Sovereign Financial Group Inc. now owns 9,706 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 330 shares during the period. Finally, Tranquility Partners LLC boosted its holdings in NextEra Energy by 23.8% in the second quarter. Tranquility Partners LLC now owns 18,013 shares of the utilities provider’s stock valued at $1,250,000 after purchasing an additional 3,463 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated 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 approximately $694,098.30. The trade was a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 0.5%

Shares of NYSE NEE opened at $83.30 on Friday. The company has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a 50-day moving average of $74.20 and a two-hundred day moving average of $71.74. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is presently 79.02%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NEE. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Melius began coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Finally, Evercore ISI set a $92.00 price target on NextEra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $85.08.

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.