Topsail Wealth Management LLC Cuts Stock Holdings in NextEra Energy, Inc. $NEE

Topsail Wealth Management LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,032 shares of the utilities provider’s stock after selling 865 shares during the period. Topsail Wealth Management LLC’s holdings in NextEra Energy were worth $349,000 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 position in NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 136 shares during the period. Pine Haven Investment Counsel Inc boosted its position in NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares during the period. Tradition Wealth Management LLC boosted its position in NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after buying an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV boosted its position in NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after buying an additional 145 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.4%

NYSE:NEE opened at $84.42 on Friday. The company has a 50-day moving average price of $76.64 and a 200-day moving average price of $72.84. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74. 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 stock has a market cap of $173.85 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the company posted $0.96 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities 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 will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Analyst Ratings Changes

Several brokerages have weighed in on NEE. Cowen began coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. Barclays set a $87.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.38.

Insider Activity at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,528 shares of company stock valued at $2,277,773. 0.20% of the stock is currently owned by company insiders.

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.