Twin Lakes Capital Management LLC Sells 1,194 Shares of NextEra Energy, Inc. $NEE

Twin Lakes Capital Management LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 38.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,917 shares of the utilities provider’s stock after selling 1,194 shares during the period. Twin Lakes Capital Management LLC’s holdings in NextEra Energy were worth $133,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Avity Investment Management Inc. raised its position in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Integrity Alliance LLC. raised its position in shares of NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after acquiring an additional 7,401 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of NextEra Energy in the 1st quarter worth about $783,000. Czech National Bank raised its position in shares of NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after acquiring an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. raised its position in shares of NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after acquiring an additional 263 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

NEE has been the subject of several research analyst reports. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Cowen initiated coverage on NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. BTIG Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. Finally, Melius started coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. Three equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.38.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’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 value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 owned 62,064 shares in the company, valued at approximately $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 quarter, insiders have sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $84.42 on Monday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.74. The stock’s 50 day moving average price is $76.64 and its 200-day moving average price is $72.88. The company has a market capitalization of $173.85 billion, a PE ratio of 29.52, a PEG ratio of 2.85 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 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.