NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,441 shares of the utilities provider’s stock after selling 1,967 shares during the quarter. Stableford Capital II LLC’s holdings in NextEra Energy were worth $937,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NEE. M&G Plc acquired a new position in shares of NextEra Energy in the 1st quarter valued at $303,065,000. Zimmer Partners LP boosted its holdings in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares during the period. State of Michigan Retirement System increased its position in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after acquiring an additional 2,250,500 shares in the last quarter. Raymond James & Associates raised its holdings in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after acquiring an additional 2,163,437 shares during the period. Finally, LGT Group Foundation lifted its position in shares of NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after acquiring an additional 1,371,982 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NEE opened at $82.93 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market cap of $170.38 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The stock has a 50-day moving average of $81.41 and a 200-day moving average of $75.17. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the business posted $0.88 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.48%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Scotiabank lifted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company upped their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $83.07.

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.