Westfield Capital Management Co. LP Lowers Stock Holdings in NextEra Energy, Inc. $NEE

Westfield Capital Management Co. LP lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,087 shares of the utilities provider’s stock after selling 10,660 shares during the quarter. Westfield Capital Management Co. LP’s holdings in NextEra Energy were worth $6,115,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management increased its stake in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy in the second quarter valued at approximately $25,000. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy in the first quarter valued at approximately $26,000. Quaker Wealth Management LLC increased its stake in NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the period. Finally, Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.0%

Shares of NYSE:NEE opened at $84.24 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm’s 50-day simple moving average is $80.63 and its 200-day simple moving average is $75.09. The company has a market cap of $175.43 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating 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 firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last 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, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 71.97%.

Insiders Place Their Bets

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 168,168 shares of company stock worth $13,917,670. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEE. Wolfe Research reduced their price objective on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Monday. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. TD Cowen began 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. Finally, Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.53.

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.