Freestone Capital Holdings LLC Sells 47,038 Shares of NextEra Energy, Inc. $NEE

Freestone Capital Holdings LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 27.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,799 shares of the utilities provider’s stock after selling 47,038 shares during the period. Freestone Capital Holdings LLC’s holdings in NextEra Energy were worth $8,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Shields Capital Management LLC lifted its stake in shares of NextEra Energy by 2.5% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 28,637 shares of the utilities provider’s stock worth $1,988,000 after acquiring an additional 700 shares during the last quarter. Verity Asset Management Inc. grew its holdings in shares of NextEra Energy by 13.0% in the second quarter. Verity Asset Management Inc. now owns 3,929 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 452 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in NextEra Energy by 16.4% during the 2nd quarter. Westside Investment Management Inc. now owns 2,409 shares of the utilities provider’s stock valued at $169,000 after buying an additional 339 shares in the last quarter. Texas Bank & Trust Co boosted its position in NextEra Energy by 6.6% in the 2nd quarter. Texas Bank & Trust Co now owns 7,922 shares of the utilities provider’s stock valued at $550,000 after buying an additional 487 shares during the period. Finally, Telos Capital Management Inc. increased its position in shares of NextEra Energy by 0.7% during the second quarter. Telos Capital Management Inc. now owns 91,115 shares of the utilities provider’s stock worth $6,325,000 after acquiring an additional 619 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the firm’s 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 completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,028 shares of company stock valued at $1,738,973 in the last ninety days. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 0.1%

NextEra Energy stock opened at $81.54 on Monday. The business has a fifty day moving average price of $77.31 and a 200-day moving average price of $73.48. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The stock has a market capitalization of $169.81 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is 71.97%.

Wall Street Analyst Weigh In

NEE has been the topic of several research analyst reports. Citigroup reissued a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Argus set a $90.00 price objective on shares of NextEra Energy in a research note on Wednesday. Barclays set a $88.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

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.