NextEra Energy, Inc. $NEE Shares Sold by Wealth Architects LLC

Wealth Architects LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 57.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,619 shares of the utilities provider’s stock after selling 6,140 shares during the period. Wealth Architects LLC’s holdings in NextEra Energy were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Avity Investment Management Inc. raised its position in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after acquiring an additional 8,565 shares during the period. Integrity Alliance LLC. increased its stake in shares of NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at about $783,000. Czech National Bank raised its holdings in NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after purchasing an additional 30,878 shares during the period. Finally, Bowman & Co S.C. boosted its position in NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 263 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.30 on Monday. The company has a fifty day simple moving average of $74.20 and a 200-day simple moving average of $71.75. The firm has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.82 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors 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 dividend payout ratio (DPR) is currently 79.37%.

Insider Activity

In other NextEra Energy news, 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 trade represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock valued at $2,446,490 in the last 90 days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEE. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Barclays lifted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus 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.