Asset Planning Inc Sells 1,166 Shares of NextEra Energy, Inc. $NEE

Asset Planning Inc lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,575 shares of the utilities provider’s stock after selling 1,166 shares during the quarter. Asset Planning Inc’s holdings in NextEra Energy were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Matrix Asset Advisors Inc. NY grew its stake in shares of NextEra Energy by 4.5% during the second quarter. Matrix Asset Advisors Inc. NY now owns 266,053 shares of the utilities provider’s stock worth $18,469,000 after buying an additional 11,430 shares during the last quarter. 1858 Wealth Management LLC grew its stake in shares of NextEra Energy by 16.0% during the second quarter. 1858 Wealth Management LLC now owns 6,330 shares of the utilities provider’s stock worth $439,000 after buying an additional 874 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of NextEra Energy by 3.1% during the second quarter. Apollon Wealth Management LLC now owns 174,072 shares of the utilities provider’s stock worth $12,084,000 after buying an additional 5,213 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of NextEra Energy by 1.6% in the second quarter. Fifth Third Wealth Advisors LLC now owns 70,812 shares of the utilities provider’s stock worth $4,916,000 after purchasing an additional 1,117 shares during the last quarter. Finally, Financial Connections Group Inc. grew its stake in shares of NextEra Energy by 82.3% in the second quarter. Financial Connections Group Inc. now owns 1,329 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $83.30 on Friday. The firm has a market cap of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.87 and a beta of 0.66. 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 12-month low of $61.72 and a 12-month high of $86.00. The company’s fifty day simple moving average is $74.20 and its 200 day simple moving average is $71.74.

NextEra Energy (NYSE:NEE) last released its 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 net margin of 22.84% and a return on equity of 12.31%. NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 79.02%.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,705 shares of company stock valued at $2,446,490. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NEE. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Finally, Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.08.

NextEra Energy 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.