NextEra Energy, Inc. $NEE Stake Decreased by Raiffeisen Bank International AG

Raiffeisen Bank International AG trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,990 shares of the utilities provider’s stock after selling 1,281 shares during the quarter. Raiffeisen Bank International AG’s holdings in NextEra Energy were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC raised its stake in shares of NextEra Energy by 6.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 2,767 shares in the last quarter. Avity Investment Management Inc. grew its holdings in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after acquiring an additional 8,565 shares during the period. Dillon & Associates Inc. raised its position in NextEra Energy by 8.4% in the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after acquiring an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC lifted its holdings in NextEra Energy by 171.1% in the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 7,645 shares during the last quarter. Finally, Integrity Alliance LLC. boosted its position in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 168,168 shares of company stock valued at $13,917,670. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on NEE. Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Finally, UBS Group reaffirmed 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, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $90.53.

NextEra Energy Trading Down 0.3%

Shares of NYSE NEE opened at $84.37 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The business has a 50-day moving average price of $80.38 and a two-hundred day moving average price of $75.02. The firm has a market capitalization of $175.72 billion, a PE ratio of 26.87, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’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 company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 yield of 2.7%. NextEra Energy’s payout ratio is 71.97%.

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.