Orion Capital Management LLC Sells 799 Shares of NextEra Energy, Inc. $NEE

Orion Capital Management LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,530 shares of the utilities provider’s stock after selling 799 shares during the quarter. Orion Capital Management LLC’s holdings in NextEra Energy were worth $176,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Activest Wealth Management increased its stake in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in NextEra Energy during the second quarter worth $25,000. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the first quarter worth $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy in the first quarter valued at $32,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the first quarter valued at about $35,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the subject of several research reports. BMO Capital Markets raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Barclays set a $87.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday. Jefferies Financial Group restated a “hold” rating and set a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. TD Cowen assumed coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Finally, New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.38.

Insider Activity

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred 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 of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,528 shares of company stock valued at $2,277,773 over the last ninety days. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $84.42 on Friday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $76.64 and a 200-day moving average price of $72.84. The company has a market cap of $173.85 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 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 period in the prior year, the firm posted $0.96 EPS. NextEra Energy’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 79.37%.

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.