Aspiriant LLC Sells 3,218 Shares of NextEra Energy, Inc. $NEE

Key Points

• Aspiriant LLC reduced its stake in NextEra Energy, Inc. by 43.1% during the second quarter, selling 3,218 shares and holding 4,254 shares worth approximately $295,000 at the end of the reporting period.
• NextEra Energy reported $1.05 earnings per share (EPS), exceeding analysts' expectations of $1.01, with quarterly revenue of $6.70 billion, significantly below the anticipated $7.52 billion.
• The company declared a quarterly dividend of $0.5665 per share, equating to an annualized dividend yield of 2.7% and a payout ratio of 79.37%.

Aspiriant LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 43.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,254 shares of the utilities provider's stock after selling 3,218 shares during the period. Aspiriant LLC's holdings in NextEra Energy were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NEE. Avity Investment Management Inc. boosted its stake in shares of NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock valued at $35,162,000 after purchasing an additional 8,565 shares in the last quarter. Integrity Alliance LLC. boosted its stake in shares of NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock valued at $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of NextEra Energy during the first quarter valued at approximately $783,000. Czech National Bank boosted its stake in shares of NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock valued at $34,932,000 after purchasing an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. boosted its stake in shares of NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock valued at $933,000 after purchasing an additional 263 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.7%

NYSE NEE opened at $84.48 on Friday. The company has a fifty day simple moving average of $75.54 and a two-hundred day simple moving average of $72.24. The stock has a market cap of $173.97 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74. 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 (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Insiders Place Their Bets

In related news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,705 shares of company stock valued at $2,446,490. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. HSBC dropped 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 note on Friday, July 11th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NextEra Energy in a report on Tuesday, October 14th. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $86.40.

NextEra Energy 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.

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