Earned Wealth Advisors LLC Sells 624 Shares of NextEra Energy, Inc. $NEE

Earned Wealth Advisors LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,990 shares of the utilities provider’s stock after selling 624 shares during the quarter. Earned Wealth Advisors LLC’s holdings in NextEra Energy were worth $208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. grew its holdings in NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc grew its holdings in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares during the period. McKinley Carter Wealth Services Inc. grew its holdings in NextEra Energy by 0.4% during the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after purchasing an additional 142 shares during the period. Tradition Wealth Management LLC grew its holdings in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV grew its holdings in NextEra Energy by 1.5% during the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after purchasing an additional 145 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE opened at $81.54 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The firm has a fifty day simple moving average of $77.31 and a 200 day simple moving average of $73.39. The stock has a market capitalization of $169.81 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.76 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio is presently 72.29%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 23,028 shares of company stock worth $1,738,973. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NEE shares. Argus set a $90.00 price objective on shares of NextEra Energy in a report on Wednesday. UBS Group restated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday. Morgan Stanley restated an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Finally, Cowen initiated coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $90.22.

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.