Davidson Trust Co. Reduces Stake in NextEra Energy, Inc. $NEE

Davidson Trust Co. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,679 shares of the utilities provider’s stock after selling 1,049 shares during the period. Davidson Trust Co.’s holdings in NextEra Energy were worth $1,366,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NEE. Brighton Jones LLC grew its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC grew its holdings in NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,459,000 after buying an additional 5,949 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of NextEra Energy by 3.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 33,410 shares of the utilities provider’s stock valued at $2,368,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of NextEra Energy by 2.6% in the 1st quarter. Ritholtz Wealth Management now owns 31,784 shares of the utilities provider’s stock valued at $2,253,000 after purchasing an additional 818 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Mizuho set a $78.00 price target on NextEra Energy in a research note on Thursday, August 21st. Finally, New Street Research set a $84.00 target price on NextEra Energy in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.57.

Insiders Place Their Bets

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $84.67 on Wednesday. The stock’s 50-day simple moving average is $74.74 and its 200-day simple moving average is $71.94. The firm has a market capitalization of $174.37 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00.

NextEra Energy (NYSE:NEE) last released 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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared 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 dividend payout ratio (DPR) is currently 79.02%.

NextEra Energy Company 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.