Truist Financial Corp Decreases Position in NextEra Energy, Inc. $NEE

Truist Financial Corp lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,173,796 shares of the utilities provider’s stock after selling 23,910 shares during the quarter. Truist Financial Corp owned 0.06% of NextEra Energy worth $81,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Powers Advisory Group LLC raised its position in NextEra Energy by 9.1% in the 2nd quarter. Powers Advisory Group LLC now owns 3,434 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 285 shares during the period. First United Bank & Trust raised its position in NextEra Energy by 2.9% in the 2nd quarter. First United Bank & Trust now owns 10,135 shares of the utilities provider’s stock worth $704,000 after purchasing an additional 290 shares during the period. Union Bancaire Privee UBP SA raised its position in NextEra Energy by 37.1% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 62,699 shares of the utilities provider’s stock worth $4,084,000 after purchasing an additional 16,981 shares during the period. Elwood & Goetz Wealth Advisory Group LLC raised its position in NextEra Energy by 246.4% in the 2nd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 16,145 shares of the utilities provider’s stock worth $1,121,000 after purchasing an additional 11,484 shares during the period. Finally, Eagle Wealth Strategies LLC raised its position in NextEra Energy by 1.4% in the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock worth $774,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,369 shares of company stock worth $1,539,610. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 4.2%

Shares of NEE opened at $78.63 on Thursday. The firm’s 50-day moving average price is $72.70 and its 200-day moving average price is $71.17. The firm has a market capitalization of $161.92 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.60 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.9%. NextEra Energy’s payout ratio is presently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. HSBC decreased their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.08.

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.