Seneca House Advisors Sells 33,233 Shares of NextEra Energy, Inc. $NEE

Seneca House Advisors decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 49.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,518 shares of the utilities provider’s stock after selling 33,233 shares during the quarter. NextEra Energy comprises approximately 1.1% of Seneca House Advisors’ portfolio, making the stock its 23rd biggest position. Seneca House Advisors’ holdings in NextEra Energy were worth $2,606,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Daymark Wealth Partners LLC lifted its holdings in NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 2,767 shares during the period. Avity Investment Management Inc. raised its position in shares of NextEra Energy by 1.7% in the 2nd 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 in the last quarter. Dillon & Associates Inc. raised its position in shares of NextEra Energy by 8.4% in the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after acquiring an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC lifted its stake in shares of NextEra Energy by 171.1% in the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after purchasing an additional 7,645 shares during the period. Finally, Integrity Alliance LLC. boosted its position in shares of NextEra Energy by 41.8% during the first 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. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of a number of research reports. Argus set a $90.00 price objective on NextEra Energy in a report on Wednesday, October 29th. Cowen assumed coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of NextEra Energy in a research report on Tuesday, December 9th. Citigroup reissued a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Morgan Stanley cut their price objective on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.56.

Insider Activity

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 157,322 shares of company stock valued at $13,148,943 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Down 1.6%

Shares of NextEra Energy stock opened at $79.58 on Friday. The company has a 50-day simple moving average of $83.43 and a two-hundred day simple moving average of $77.00. The stock has a market capitalization of $165.73 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating 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 company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were paid a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s payout ratio is currently 72.29%.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.