Tanager Wealth Management LLP Decreases Stake in NextEra Energy, Inc. $NEE

Tanager Wealth Management LLP lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,296 shares of the utilities provider’s stock after selling 360 shares during the quarter. Tanager Wealth Management LLP’s holdings in NextEra Energy were worth $233,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy during the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy during the 1st quarter worth approximately $32,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy during the 1st quarter worth approximately $35,000. Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction 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 in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 over the last three months. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

NEE stock opened at $78.63 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market cap of $161.92 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.60 and a beta of 0.66. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock’s 50 day simple moving average is $72.70 and its 200 day simple moving average is $71.17.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Analyst Ratings Changes

Several research firms recently commented on NEE. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Melius started coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Finally, HSBC cut their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

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.