Monetary Management Group Inc. Sells 1,575 Shares of NextEra Energy, Inc. (NYSE:NEE)

Monetary Management Group Inc. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,610 shares of the utilities provider’s stock after selling 1,575 shares during the period. Monetary Management Group Inc.’s holdings in NextEra Energy were worth $631,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. purchased a new stake in NextEra Energy in the second quarter worth $32,000. Pinz Capital Management LP purchased a new stake in NextEra Energy in the 1st quarter worth about $37,000. Sage Financial Management Group Inc. bought a new stake in NextEra Energy in the 1st quarter valued at about $38,000. SRS Capital Advisors Inc. purchased a new stake in NextEra Energy during the second quarter valued at about $39,000. Finally, Disciplined Investments LLC boosted its position in NextEra Energy by 35.0% during the second quarter. Disciplined Investments LLC now owns 540 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 140 shares during the period. 74.67% of the stock is currently owned by institutional investors.

NYSE:NEE traded down $0.77 during trading hours on Monday, hitting $79.93. The stock had a trading volume of 221,169 shares, compared to its average volume of 7,865,218. The company has a 50 day simple moving average of $82.10 and a two-hundred day simple moving average of $77.41. The firm has a market capitalization of $156.78 billion, a price-to-earnings ratio of 50.60, a P/E/G ratio of 4.05 and a beta of 0.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.48 and a quick ratio of 0.38. NextEra Energy, Inc. has a one year low of $66.79 and a one year high of $87.69.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, July 22nd. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.01. NextEra Energy had a return on equity of 10.84% and a net margin of 18.69%. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter last year, the business posted $2.61 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 2.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Friday, August 27th were given a dividend of $0.385 per share. The ex-dividend date was Thursday, August 26th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.93%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.67%.

In other NextEra Energy news, EVP Ronald R. Reagan sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $84.00, for a total value of $349,944.00. Following the completion of the sale, the executive vice president now owns 28,043 shares of the company’s stock, valued at $2,355,612. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John W. Ketchum sold 12,151 shares of NextEra Energy stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $84.33, for a total transaction of $1,024,693.83. Following the transaction, the chief executive officer now directly owns 84,895 shares in the company, valued at $7,159,195.35. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

NEE has been the subject of several analyst reports. Credit Suisse Group assumed coverage on shares of NextEra Energy in a report on Wednesday, July 14th. They issued an “outperform” rating and a $85.00 price objective for the company. Morgan Stanley cut their price target on NextEra Energy from $80.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, September 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $85.25.

NextEra Energy Profile

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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