Journey Advisory Group LLC Cuts Stock Position in NextEra Energy, Inc. $NEE

Journey Advisory Group LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,479 shares of the utilities provider’s stock after selling 4,246 shares during the quarter. Journey Advisory Group LLC’s holdings in NextEra Energy were worth $4,962,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Arkfeld Wealth Strategies L.L.C. boosted its holdings in NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after acquiring an additional 142 shares in the last quarter. Tradition Wealth Management LLC boosted its holdings in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its holdings in NextEra Energy by 1.5% in the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 in the last three months. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Melius began coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Finally, New Street Research set a $84.00 target price on NextEra Energy in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.40.

NextEra Energy Trading Down 0.7%

NextEra Energy stock opened at $84.48 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The company has a market capitalization of $173.97 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The stock has a 50-day moving average price of $75.54 and a 200 day moving average price of $72.24.

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

NextEra Energy Dividend Announcement

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

NextEra Energy Company Profile

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.