Lockheed Martin Investment Management Co. Sells 1,980 Shares of NextEra Energy, Inc. $NEE

Lockheed Martin Investment Management Co. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,210 shares of the utilities provider’s stock after selling 1,980 shares during the period. Lockheed Martin Investment Management Co.’s holdings in NextEra Energy were worth $2,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Creekmur Asset Management LLC grew its stake in NextEra Energy by 42.4% in the 2nd quarter. Creekmur Asset Management LLC now owns 1,158 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 345 shares in the last quarter. IFG Advisory LLC boosted its stake in shares of NextEra Energy by 1.5% during the second quarter. IFG Advisory LLC now owns 15,996 shares of the utilities provider’s stock valued at $1,110,000 after purchasing an additional 237 shares in the last quarter. BLB&B Advisors LLC boosted its stake in shares of NextEra Energy by 0.9% during the second quarter. BLB&B Advisors LLC now owns 197,384 shares of the utilities provider’s stock valued at $13,702,000 after purchasing an additional 1,702 shares in the last quarter. UNIVEST FINANCIAL Corp boosted its stake in shares of NextEra Energy by 1.0% during the second quarter. UNIVEST FINANCIAL Corp now owns 349,721 shares of the utilities provider’s stock valued at $24,278,000 after purchasing an additional 3,325 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of NextEra Energy by 13.2% during the second quarter. Simon Quick Advisors LLC now owns 13,596 shares of the utilities provider’s stock valued at $944,000 after purchasing an additional 1,585 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NEE shares. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday. BTIG Research reiterated a “buy” rating on shares of NextEra Energy in a research note on Monday. 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. Finally, Citigroup reiterated a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $90.22.

Insiders Place Their Bets

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 23,028 shares of company stock valued at $1,738,973. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $81.58 on Friday. The company has a market cap of $169.89 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average of $77.20 and a two-hundred day moving average of $73.29.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. 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 dividend payout ratio (DPR) is currently 72.29%.

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.