NextEra Energy, Inc. $NEE Stake Lowered by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,217 shares of the utilities provider’s stock after selling 1,790 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in NextEra Energy were worth $8,137,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NEE. GQG Partners LLC grew its holdings in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. Amundi grew its holdings in shares of NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after purchasing an additional 2,657,438 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after purchasing an additional 1,886,999 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,705 shares of company stock worth $2,446,490. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on NEE shares. Evercore ISI set a $92.00 target price on NextEra Energy and gave the company an “outperform” rating in a research report on Monday. Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. Finally, BMO Capital Markets raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.08.

NextEra Energy Stock Performance

NEE opened at $83.30 on Friday. The company has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The business has a 50 day moving average price of $74.20 and a two-hundred day moving average price of $71.73.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

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.