NextEra Energy, Inc. $NEE Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,357 shares of the utilities provider’s stock after selling 533 shares during the quarter. Freedom Investment Management Inc.’s holdings in NextEra Energy were worth $788,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy in the second quarter valued at $25,000. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the first quarter worth about $32,000. Finally, IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the first quarter worth about $35,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 30,528 shares of company stock worth $2,277,773 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NEE stock opened at $84.42 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The firm has a market cap of $173.85 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. The stock has a 50-day simple moving average of $76.64 and a 200-day simple moving average of $72.78.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date is Friday, November 21st. 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 79.37%.

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. BTIG Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday. New Street Research set a $84.00 price target on NextEra Energy in a research note on Monday, October 13th. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $88.38.

About NextEra Energy

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.