Koss Olinger Consulting LLC Sells 1,189 Shares of NextEra Energy, Inc. $NEE

Koss Olinger Consulting LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,547 shares of the utilities provider’s stock after selling 1,189 shares during the period. Koss Olinger Consulting LLC’s holdings in NextEra Energy were worth $593,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NEE. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of NextEra Energy by 9.9% in the 1st quarter. Golden State Wealth Management LLC now owns 7,598 shares of the utilities provider’s stock worth $539,000 after buying an additional 682 shares during the last quarter. Sovran Advisors LLC purchased a new stake in shares of NextEra Energy in the 1st quarter worth approximately $231,000. Finally, Amalgamated Bank grew its stake in shares of NextEra Energy by 0.9% in the 1st quarter. Amalgamated Bank now owns 410,203 shares of the utilities provider’s stock worth $29,079,000 after buying an additional 3,593 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. TD Cowen began coverage on NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target on the stock. Mizuho upped their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company set a $97.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research note on Monday. Cowen began coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Insider Buying and Selling at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $86.08 on Tuesday. The business’s fifty day simple moving average is $76.84 and its two-hundred day simple moving average is $73.00. The company has a current ratio of 0.54, a quick ratio of 0.45 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 $87.29. The company has a market cap of $177.26 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

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.