NextEra Energy, Inc. $NEE Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,848 shares of the utilities provider’s stock after selling 2,050 shares during the quarter. GM Advisory Group LLC’s holdings in NextEra Energy were worth $822,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Brighton Jones LLC raised its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in shares of NextEra Energy by 4.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 20,588 shares of the utilities provider’s stock valued at $1,460,000 after purchasing an additional 805 shares during the last quarter. North Star Asset Management Inc. acquired a new stake in shares of NextEra Energy in the first quarter valued at approximately $202,000. Finally, NorthRock Partners LLC lifted its position in NextEra Energy by 2.2% during the first quarter. NorthRock Partners LLC now owns 27,548 shares of the utilities provider’s stock worth $1,953,000 after buying an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.9%

Shares of NYSE NEE opened at $85.58 on Friday. 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 stock has a market capitalization of $178.22 billion, a PE ratio of 27.25, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The stock has a fifty day simple moving average of $82.03 and a 200-day simple moving average of $75.68.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

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 dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.6%. NextEra Energy’s dividend payout ratio is 71.97%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,168 shares of company stock worth $13,917,670 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on NEE. Morgan Stanley dropped their target price on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a report on Monday. TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Evercore ISI reissued an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.63.

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.