Icon Advisers Inc. Co. Reduces Position in NextEra Energy, Inc. $NEE

Icon Advisers Inc. Co. trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 21.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,762 shares of the utilities provider’s stock after selling 3,738 shares during the period. Icon Advisers Inc. Co.’s holdings in NextEra Energy were worth $955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Estabrook Capital Management increased its position in NextEra Energy by 1.6% in the second quarter. Estabrook Capital Management now owns 47,223 shares of the utilities provider’s stock worth $3,278,000 after buying an additional 759 shares in the last quarter. Greenwich Wealth Management LLC grew its stake in shares of NextEra Energy by 9.6% during the 2nd quarter. Greenwich Wealth Management LLC now owns 13,876 shares of the utilities provider’s stock valued at $963,000 after acquiring an additional 1,218 shares during the period. Orleans Capital Management Corp LA grew its stake in shares of NextEra Energy by 1.7% during the 2nd quarter. Orleans Capital Management Corp LA now owns 47,566 shares of the utilities provider’s stock valued at $3,302,000 after acquiring an additional 795 shares during the period. Lido Advisors LLC increased its holdings in NextEra Energy by 47.2% in the 2nd quarter. Lido Advisors LLC now owns 258,466 shares of the utilities provider’s stock worth $17,943,000 after acquiring an additional 82,913 shares in the last quarter. Finally, First National Advisers LLC raised its stake in NextEra Energy by 1.9% during the 2nd quarter. First National Advisers LLC now owns 97,270 shares of the utilities provider’s stock worth $6,752,000 after acquiring an additional 1,792 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $86.13 on Monday. The stock has a market cap of $179.36 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The stock has a 50 day moving average price of $82.33 and a 200-day moving average price of $75.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price 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. Barclays set a $88.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. TD Cowen initiated coverage on shares of NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. UBS Group restated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Cowen initiated coverage on NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $90.63.

Insider Buying and Selling

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the firm’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 directly 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. Over the last 90 days, insiders have sold 168,168 shares of company stock valued at $13,917,670. 0.20% of the stock is owned by 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.