Corient IA LLC Sells 7,000 Shares of NextEra Energy, Inc. $NEE

Corient IA LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 63.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,000 shares of the utilities provider’s stock after selling 7,000 shares during the quarter. Corient IA LLC’s holdings in NextEra Energy were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. IFG Advisory LLC grew its stake in shares of NextEra Energy by 86.2% in the third quarter. IFG Advisory LLC now owns 29,779 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 13,783 shares during the period. GW&K Investment Management LLC lifted its position in NextEra Energy by 3.3% during the third quarter. GW&K Investment Management LLC now owns 5,048 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 161 shares during the period. Cambria Investment Management L.P. purchased a new stake in NextEra Energy in the third quarter worth approximately $306,000. Rench Wealth Management Inc. grew its position in NextEra Energy by 2.1% in the 3rd quarter. Rench Wealth Management Inc. now owns 76,017 shares of the utilities provider’s stock worth $5,738,000 after purchasing an additional 1,574 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in NextEra Energy by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,678,207 shares of the utilities provider’s stock valued at $353,184,000 after buying an additional 252,086 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.0%

NextEra Energy stock opened at $92.62 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The firm has a market capitalization of $192.98 billion, a price-to-earnings ratio of 28.15 and a beta of 0.76. The firm has a 50 day moving average of $86.84 and a 200 day moving average of $82.11.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s payout ratio is 75.68%.

Insider Activity

In other news, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This represents a 65.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This represents a 24.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 159,049 shares of company stock worth $14,194,542 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Seaport Research Partners lowered their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. BMO Capital Markets set a $95.00 target price on NextEra Energy in a research report on Thursday, January 29th. The Goldman Sachs Group boosted their price target on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, HSBC upped their price target on shares of NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.47.

NextEra Energy 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.