NextEra Energy, Inc. $NEE Holdings Reduced by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 159,506 shares of the utilities provider’s stock after selling 5,075 shares during the period. Wilmington Savings Fund Society FSB’s holdings in NextEra Energy were worth $11,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. 1 North Wealth Services LLC bought a new position in NextEra Energy in the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy during the first quarter valued at approximately $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the first quarter valued at approximately $35,000. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 366 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NEE. Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective on the stock. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday. Barclays raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Evercore ISI set a $92.00 target price on shares of NextEra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

NextEra Energy Trading Up 1.1%

NextEra Energy stock opened at $84.25 on Tuesday. The company has a 50 day moving average price of $74.47 and a 200 day moving average price of $71.85. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm has a market capitalization of $173.49 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.82 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last released its 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 net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on 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 owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,705 shares of company stock worth $2,446,490. Insiders own 0.18% 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.