Migdal Insurance & Financial Holdings Ltd. Reduces Holdings in NextEra Energy, Inc. $NEE

Migdal Insurance & Financial Holdings Ltd. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 31.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141 shares of the utilities provider’s stock after selling 525 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in NextEra Energy were worth $79,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management increased its stake in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in NextEra Energy during the second quarter worth approximately $25,000. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the first quarter worth approximately $26,000. Quaker Wealth Management LLC boosted its position in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the first quarter worth approximately $32,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $81.67 on Thursday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The stock has a market capitalization of $168.18 billion, a P/E ratio of 26.01, a PEG ratio of 2.82 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average price is $77.09 and its 200 day moving average price is $73.23.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s payout ratio is presently 79.37%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NEE shares. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Evercore ISI restated an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research report on Tuesday. Barclays set a $88.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

Insider Activity at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at $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. In the last 90 days, insiders have sold 23,028 shares of company stock worth $1,738,973. 0.20% of the stock is currently owned by corporate insiders.

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.