International Assets Investment Management LLC Cuts Position in NextEra Energy, Inc. $NEE

International Assets Investment Management LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 19.5% during the second quarter, HoldingsChannel reports. The fund owned 36,053 shares of the utilities provider’s stock after selling 8,707 shares during the quarter. International Assets Investment Management LLC’s holdings in NextEra Energy were worth $2,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Gladwyn Financial Advisors Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter valued at $627,000. TrueMark Investments LLC boosted its position in shares of NextEra Energy by 8.9% in the 2nd quarter. TrueMark Investments LLC now owns 101,893 shares of the utilities provider’s stock worth $7,073,000 after purchasing an additional 8,302 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of NextEra Energy by 1.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 528,308 shares of the utilities provider’s stock worth $36,675,000 after purchasing an additional 9,183 shares in the last quarter. United Bank boosted its position in shares of NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 444 shares in the last quarter. Finally, CapWealth Advisors LLC boosted its position in shares of NextEra Energy by 349.5% in the 2nd quarter. CapWealth Advisors LLC now owns 261,330 shares of the utilities provider’s stock worth $18,142,000 after purchasing an additional 203,193 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Barclays raised their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.40.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,705 shares of company stock worth $2,446,490. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $84.48 on Friday. The stock has a 50-day moving average of $75.54 and a two-hundred day moving average of $72.24. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market cap of $173.97 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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