NextEra Energy, Inc. $NEE Shares Sold by GoalVest Advisory LLC

GoalVest Advisory LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 40.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,544 shares of the utilities provider’s stock after selling 3,721 shares during the period. GoalVest Advisory LLC’s holdings in NextEra Energy were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares in the last quarter. Northern Trust Corp increased its holdings in NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after acquiring an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after acquiring an additional 1,336,259 shares in the last quarter. GQG Partners LLC increased its holdings in NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.42 on Monday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74. The firm has a market capitalization of $173.85 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.85 and a beta of 0.66. The company has a fifty day simple moving average of $76.64 and a 200-day simple moving average of $72.88. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. HSBC cut their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $88.38.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is currently owned by insiders.

NextEra Energy 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.